Wednesday, October 13, 2010
Marshall doubles turnover with completion of Mercedes deal
The acquisition covers seven sites in Blackpool, Preston, Blackburn, Bolton and South Lakes. The Blackpool and Bolton sites also represent Smart.
The new dealerships bring the Marshall Group's total to 62 businesses and the addition of the two new brands brings the Marshall portfolio to 25.
"This is a hugely significant deal for Marshall and the new businesses will
take our turnover to a running rate of around £675m, nearly double our
2008 turnover," said Daksh Gupta, Marshall's chief executive.
"This is a great acquisition for Marshall which fits our stated strategy to expand our group with strong partnerships in scalable territories. The North West represents a great opportunity for us with one of the world's leading brands."
As part of the acquisition, all 170 people working at the five sites have transferred to Marshall.
DATED: 13.10.10
FEED: MT
