Monday, March 03, 2008
Nidd Vale acquires Ilkley Garage
Nidd Vale Group, the Harrogate independent motor retailer, has acquired Glovers Garages in Ilkley for an undisclosed sum.
The group said the acquisition was in line with the its agreed strategy to grow through acquisition following its management buy-out in September last year.
Glovers Garages will take combined turnover of the enlarged Nidd Vale Group to more than £80 million. The Group currently operates four franchises from its Harrogate and Wetherby locations. The site will be rebranded as Nidd Vale.
Nigel Pullan, Nidd Vale’s chief executive, said: "The acquisition of Glovers is a great opportunity for Nidd Vale as it not only gives us another franchise, but also representation in another town, where it is the only franchised dealer."
DATED: 03.03.08
FEED: AM
The group said the acquisition was in line with the its agreed strategy to grow through acquisition following its management buy-out in September last year.
Glovers Garages will take combined turnover of the enlarged Nidd Vale Group to more than £80 million. The Group currently operates four franchises from its Harrogate and Wetherby locations. The site will be rebranded as Nidd Vale.
Nigel Pullan, Nidd Vale’s chief executive, said: "The acquisition of Glovers is a great opportunity for Nidd Vale as it not only gives us another franchise, but also representation in another town, where it is the only franchised dealer."
DATED: 03.03.08
FEED: AM
