Hedin Automotive has expanded its illustration with premium manufacturers after buying Stephen James Group for an undisclosed sum.

Hedin Automotive, a subsidiary to Sweden-based Hedin Mobility Group, has purchased the enterprise, which has 400 staff and contains 5 BMW dealerships and three Mini dealerships, all throughout the Larger London space.

The deal continues to be topic to regulatory approval, however is predicted to be accomplished earlier than the top of this month.

By including Stephen James’ operations, Hedin Mobility Group will even additional strengthen its place as one among Europe’s largest retailers of BMW and Mini.

Following the finished acquisition of Stephen James and the lately introduced acquisition of a retailer group within the Netherlands, Hedin Mobility Group will characterize BMW and Mini at a complete of greater than 65 gross sales factors in Sweden, Norway, Finland, Switzerland, Netherlands, and the UK.

The Stephen James deal follows on from Hedin’s buy of Mercedes-Benz Retail Group earlier this yr, which the enterprise mentioned would create a “foothold” to develop additional via acquisitions within the UK.

Hedin at present operates over 270 dealerships throughout 13 nations, representing 44 manufacturers, and it employs 8,000 workers.

Final yr it withdrew a takeover bid for Pendragon, which was previously run by one among Hedin’s advisors, Trevor Finn.

Anders Hedin, founder and CEO of Hedin Mobility Group mentioned: “We’re enthusiastic for the chance to welcome the Stephen James Group into the Hedin household.

“This acquisition marks one other important step in our development technique and strengthens our dedication to offering excellent experiences to clients within the UK.

“We admire the fame and experience that Stephen James has cultivated over time, and we sit up for leveraging their strengths to develop our Group’s BMW enterprise and to proceed creating worth for purchasers and staff.”

Richard Ennis, group managing director of Stephen James Group, mentioned Hedin’s “worldwide presence, business experience, and customer-centric strategy align intently with our personal values”.

He added: “This new chapter presents thrilling alternatives for our staff and clients alike. With the backing of Hedin Mobility Group’s pan-European operations, we’re undoubtably properly positioned to drive innovation and alter whereas persevering with to place the client and worker expertise proper on the coronary heart of every little thing we do.”