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Group 1 Automotive to acquire Inchcape U.K. Dealerships to expand its presence in the U.K. market

Apr 15, 2024•over 1 year ago

Acquiring Company

Group 1 Automotive

Acquired Company

Inchcape U.K. Dealerships

HoustonBirminghamManufacturingMotor Vehicle ManufacturingAutomotiveTransportation

Description

Group 1 Automotive, Inc. has entered into a definitive agreement to acquire Inchcape U.K. Dealerships, a significant move to expand its presence in the U.K. market. The acquisition will bring an additional 54 dealership locations, offering a wide range of top automotive brands, complementing Group 1's existing operations and enabling them to enter new markets.

Company Information

Company

Group 1 Automotive

Location

Houston, Texas, United States

About

Group 1 owns and operates 188 automotive dealerships, 242 franchises, and 48 collision centers in the United States, the United Kingdom and Brazil that offer 32 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts. Investors please visit www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, www.facebook.com/group1auto, and www.twitter.com/group1auto, where Group 1 discloses additional information about the Company, its business, and its results of operations.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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