Thursday, September 07, 2006
Sytner snaps up Ryland sites
The UK’s second largest dealer group Sytner has snapped up nine outlets from Ryland Group in a move that has resulted in the vendor re-branding under the new name of Rybrook Holdings.
With consolidation rife in the industry the acquisition would appear to be a good fit for Sytner because both companies operate in the prestige sector.
For an undisclosed sum the group has added DaimlerChrysler Group dealerships in Carlisle, Newcastle-upon-Tyne, Stockton-on-Tees and Sunderland to its portfolio and taken on BMW and Mini businesses in Cardiff, Newport, Birmingham Central, Warley and Sutton Coldfield.
DATED: 07.09.06
FEED: MT
With consolidation rife in the industry the acquisition would appear to be a good fit for Sytner because both companies operate in the prestige sector.
For an undisclosed sum the group has added DaimlerChrysler Group dealerships in Carlisle, Newcastle-upon-Tyne, Stockton-on-Tees and Sunderland to its portfolio and taken on BMW and Mini businesses in Cardiff, Newport, Birmingham Central, Warley and Sutton Coldfield.
DATED: 07.09.06
FEED: MT
