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Imperial’s Motus division acquires UK automotive dealer group for R493m

15th August 2017

By: Creamer Media Reporter

     

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Imperial Holdings’ vehicle division Motus has acquired UK automotive dealer group Pentagon Motor Holdings for R493-million.

“Imperial has strong global partnerships with leading vehicle manufacturers and we are delighted to expand our international retail footprint into the passenger and light commercial vehicle market in the UK through the acquisition of Pentagon by Motus,” commented Imperial CEO Mark Lamberti.

Motus CEO Osman Arbee added that the acquisition was consistent with the vehicle division’s strategy to deploy capital and its vehicle retail expertise in pursuit of growth and returns beyond South Africa.

“Pentagon is a well-respected and established vehicle dealership group with deep expertise and a strong national reputation in the passenger vehicle sector. It will complement our existing commercial vehicle business, which has produced commendable results since its acquisition in 2006,” he said.

Pentagon was established in 1991 by chairperson Trevor Reeve and has grown from an initial Vauxhall franchise base to represent various other vehicle manufacturers, including Peugeot, Seat, Mazda, Kia, Renault, Fiat, Alfa Romeo, Nissan, Mitsubishi and Jeep.

The UK company operates 21 retail dealerships in Derbyshire, Nottinghamshire, Lincolnshire, Yorkshire and greater Manchester and employs about 1 262 people.

The transaction is effective from September 1.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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