Netherlands-based motor retailer Van Mossel has introduced its takeover of the UK automobile seller Jacksons Group, which represents 29 automotive manufacturers within the Channel Islands, the Isle of Man and the Isle of Wight.

The deal provides Van Mossel its first motor retail enterprise within the UK, one with annual revenues of round £215m, and reaffirms the corporate’s ambitions to increase from its Benelux heartland – it lately purchased German seller group Hugo Pfohe.

The transaction, which is topic to the approval of the Jersey Competitors Regulatory Authority, will give Van Mossel two places in Jersey and two on Guernsey within the Channel Islands, one on the Isle of Man and one on the Isle of Wight, and can switch 500 employees to the brand new proprietor.

Its websites are multi-franchised retail places to draw car-hunting islanders.

Eight of Jackson’s 29 manufacturers are new to Van Mossel’s present portfolio: Aston Martin, BMW, BMW Motorrad, Honda Motorbikes, Lexus, Mini, Porsche and Toyota.

With annual automobile gross sales of round 6,000 automobiles, its annual gross sales have reached round £215m lately.

Jacksons’ chief government Paul Collier stated: “I am delighted to announce the settlement with Van Mossel. We have now been negotiating for a major time frame and I am assured that their funding and experience will additional improve our efficiency and repair choices. Van Mossel is a number one automotive group in Europe and a major reinforcement of our operations.

“I sit up for working with them to future-proof the enterprise on the islands. All staff will probably be retained to facilitate the expansion of this distinctive firm.

“Furthermore, the confirmed idea of Van Mossel permits us to supply our prospects increasingly more providers below one roof sooner or later. A win-win scenario.”

Eric Berkhof, managing director of Van Mossel Automotive Group, which sells greater than 150,000 new and used automobiles yearly, stated: “The acquisition of the Jacksons Group is one other step within the ongoing evolution of Van Mossel Automotive Group. Paul and the workforce have constructed an ideal enterprise on the islands the place they function.

“We consider that we are able to additional improve it by investing extra in services and product choices, in order that island prospects can profit from aggressive choices inside the automotive sector.”

In 75 years Van Mossel Automotive Group has grown into the biggest automotive firm within the Benelux,area of Europe, with 349 branches within the Netherlands, Belgium, Germany, France and Luxembourg, representing 34 automobile manufacturers.

It additionally has restore retailers providing nationwide protection in Belgium and the Netherlands, and its Worldwide Automobile Lease Holding division, with a lease fleet of 110,000 automobiles, trades as Van Mossel Autolease, J&T Autolease, DirectLease and Westlease.