22 August, 2018

I.A. Hedin Bil has closed the deal to acquire five additional Mercedes-Benz dealerships in Belgium

After approval from the Belgian Competition Authorities, the acquisition of five Mercedes-Benz dealerships around Antwerp was finalized. This means that Hedin Bil, through the brand Hedin Automotive, is present at twelve locations in Belgium.

Gothenburg, August 22, 2018
In the beginning of April 2018, it was announced that I.A. Hedin Bil had through its subsidiary, Hedin Belgien Bil AB, entered an agreement with the Belgian company Andries NV to acquire its subsidiaries Eddy Joosen NV, Garage A. Swinnen BVBA, Garage Euromotors NV and Garage Vriesdonk NV.

The transaction, which was conditional upon certain terms and the approval of the Belgian Competition Authorities, has now been carried through. This includes ownership of four full service dealerships and one used-car dealership for Mercedes-Benz passenger cars around Antwerp.

Owner and CEO of Anders Hedin Invest AB, Anders Hedin, said:

-In April, we successfully took over the operations of seven Mercedes-Benz dealerships in Ghent. At the same time, we entered an agreement to acquire five dealerships around Antwerp. I am very happy to announce that the deal was carried through as planned and we are therefore taking the next steps into a very interesting market.

Since April 2018, I.A. Hedin Bil runs seven Mercedes-Benz dealerships in and around Ghent under the brand Hedin Automotive. With this acquisition, Hedin Automotive will operate twelve dealerships in the province East Flanders in Belgium.

Aktiebolaget I.A. Hedin Bil (publ)

For further information, please contact

Press: Emma Andersson, +46 707 936 053; emma.andersson@andershedininvest.se

I.A. Hedin Bil is one of the largest privately-owned automotive retailers in the Nordics, with 30 brands in the portfolio, offering full service for private and corporate customers. Financing, service and insurance are some of the components of the total offer. Hedin Bil is represented in more than 100 locations in Sweden, Norway and Belgium. Sales in 2017 amounted to 12.7 bn SEK and there were more than 2,700 employees in the business. www.hedinbil.se

® I.A. Hedin Bil is a registered trademark owned by the Anders Hedin Invest Group (91 %) and Ingemar Hedin (9 %).