Friday, April 18, 2008
Lookers announces Bramall & Jones acquisition
Lookers, the UK’s 5th largest car dealer group, has announced that it intends to acquire Bramall & Jones VW for £2m.
The company comprises of two Volkswagen dealerships and a contract hire and leasing business.
The deal will increase Lookers’ VW representation to 11 sites and offers it entry into the contract hire market with a fleet of around 1,500 vehicles.
Lookers’ announcement will not come as a surprise to many in the industry.
Tony Bramall, who owns a 51 per cent stake in Bramall and Jones, is also a non-executive director of Lookers with a stakehold of around 20 per cent.
DATED: 18.04.08
FEED: MT
The company comprises of two Volkswagen dealerships and a contract hire and leasing business.
The deal will increase Lookers’ VW representation to 11 sites and offers it entry into the contract hire market with a fleet of around 1,500 vehicles.
Lookers’ announcement will not come as a surprise to many in the industry.
Tony Bramall, who owns a 51 per cent stake in Bramall and Jones, is also a non-executive director of Lookers with a stakehold of around 20 per cent.
DATED: 18.04.08
FEED: MT
