Swedish car dealer Bilia AB to acquire Ford and Mazda dealership Bilgruppen
Nordic Business Report-December 13, 2006-Swedish car dealer Bilia AB to acquire Ford and Mazda dealership Bilgruppen
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Swedish car dealer Bilia AB said on Wednesday (13 December) that it has signed a letter of intent to acquire the operations of the Ford and Mazda dealership Bilgruppen.
The acquisition covers Bilgruppen i Enkoping Sala AB and Bilgruppen i Kungsangen AB with a total of 42 employees and a combined turnover of SEK140m.
The purchase price is approximately SEK50m.
Bilia, headquartered in Sweden, is the leading Nordic car dealer and service provider in Sweden, Norway and Denmark. The group has 3,500 employees and an annual turnover of SEK13.5bn. Bilia is listed on the Nordic Exchange in Stockholm.
One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK).
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