BILIA ACQUIRES FORD AND MAZDA DEALER


Bilia has signed a letter of intent to acquire the business in a Ford and Mazda dealer in Sweden: Bilgruppen i Enköping Sala AB and Bilgruppen i Kungsängen AB.

“Bilgruppen is a company with very satisfied customers and strong profitability. The current owners will continue working in the business. With this acquisition, Bilia is further strengthening its Ford operations in the Stockholm area. In April 2007, Bilia will also start Ford operations in Nacka and Segeltorp,” says Jan Pettersson, CEO of Bilia AB.

Bilgruppen currently has 42 employees and an annual turnover of about SEK 140 M. Estimated turnover for 2007 is about SEK 200 M. The increase is attributable to a newly opened dealership in Kungsängen. The purchase price, acquired assets, is estimated at just under SEK 50 M.

The acquisition is conditional upon approval by the Swedish Competition Authority.

 

Göteborg, 13 December 2006

 

Bilia AB (publ)

 

 

For further information, please contact Jan Pettersson, Managing Director and CEO, or Gunnar Blomkvist, CFO, Bilia AB, tel. +46 31 709 55 00.

 

 

 

 


Attachments

Bilia_December 13 2006_Eng.pdf