Saturday, November 13, 2010
Jardine acquires Jaguar site from Merritts
Jardine Motors has acquired a Jaguar site in Amersham, Buckinghamshire, from Merritts Motor Group for an undisclosed sum.
The transaction completed on 5 November and the business will trade as Lancaster Jaguar Amersham.
The acquisition increases Jardine’s representation with the prestige brand to five sites with the group already holding the franchise in Reading, Sevenoaks, Sidcup and Bradford.
“We are delighted to be growing our relationship further with Jaguar who are one of our key brand partners in this very important territory with significant opportunities for growth,” said Alun Jones, Chief Executive of Jardine Motors.
“This acquisition is also firmly in line with our strategy of growing our business 2010 both through organic growth and further acquisitions,” he said.
Essex-based Jardine, rated number nine in the latest Motor Trader Top 200, is part of Jardine Matheson, the diversified international trading group, and trades across over 50 sites as Lancaster, Scotthall, Appleyard, Minories, Abridge and Clover Leaf Cars.
DATED: 13.11.10
FEED: MT
