Press release - 19 October 2022 16:30

Hedin Automotive expands to a leading BMW and MINI dealer position in Switzerland

Hedin Automotive AG has today completed the acquisition of all shares in Alpina Group that was announced on September 14, 2022.

Alpina Group is the largest BMW and MINI dealership group in the eastern part of Switzerland with three full-service dealerships employing some 140 employees in total. The company’s turnover in 2021 was approximately MEUR 117.5.

Through the acquisition, Hedin Automotive further expands its footprint in Switzerland and is now the second largest BMW and MINI dealer group in the country.

Marcus Larsson, CEO of Hedin Automotive AG said:
“We are very happy to have concluded this strategically important acquisition and to welcome Alpina Group and its employees to Hedin Mobility Group. Our expanded presence in Switzerland gives us excellent opportunities to further develop the BMW and MINI business within the group.”

Alpina Group’s business is transferred to Hedin Automotive AG as of today, October 19, 2022.

Categories

About Hedin Automotive AS
Hedin Automotive AS is a wholly owned subsidiary of Hedin Mobility Group. The Company operates Bavaria, one of the largest dealers of BMW and MINI in Scandinavia, Hedin Automotive AG (BMW and MINI in Switzerland), Bavaria Laakkonen Oy (BMW and MINI in Finland), GS Parts (Norway's largest independent supplier of spare parts and accessories for BMW), Koed (spare parts and accessories for BMW and MINI in Denmark and Norway) and BNC Nordic Distribution. Hedin Automotive AS has a turnover of more than 1,2 billion EUR, employing more than 1,4000 employees. www.hedinautomotive.no

About Hedin Mobility Group
Hedin Mobility Group is one of Europe's largest privately owned mobility solutions providers, with approximately 7,500 employees and operations in 13 countries. Net sales in 2021 was SEK 28.2 billion and the Group sold more than 125,000 vehicles*.

Hedin Mobility Group provides sales of new and used passenger cars, commercial vehicles and trucks, as well as aftermarket services, to both private and corporate customers. Sales take place both online and via a European dealer network of around 260 wholly owned dealerships.

The Group represents more than 40 brands and is also the importer for Ford in Sweden and Ford F-150 in Europe; Renault, Dacia and Alpine in Sweden and Denmark; Hongqi in Sweden and the Netherlands; Dodge and RAM in Europe; and for INEOS Grenadier in eleven countries**, as well as distributor for MG in Sweden and for BYD in Sweden and Germany.

In addition, the Group's operations include wholesale and distribution operations of tires and spare parts, the car rental company Mabi Mobility AB, the private leasing company Car to Go Sweden AB, the corporate leasing company Unifleet AB and co-ownership in Pendragon PLC and iMove AS. www.hedinmobilitygroup.com

Hedin Mobility Group is part of the Hedin Group together with Tuve Bygg AB and I.A. Hedin Fastighet AB. Hedin Group is also a partner in Consensus Asset Management and Ripam Invest AB, which owns Marstrands Kurhotell, Kurbadhus and Societetshus. www.hedingroup.com

* Including approx. 21,500 vehicles attributable to operations transferred from Hedin Group AB in October 2021.
** Belgium, the Netherlands, Luxembourg, Sweden, Denmark, Norway, Finland, Estonia, Latvia, Lithuania and Switzerland.

Contacts

Sissel Wiedenmann

Press contact Director, Culture and Communications sissel.wiedenmann@hedinautomotive.no +47 993 17 150

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