Marshall acquires 7th Volvo Business from Regent Automotive Group in Bishop Stortford and exclusive responsibility for overseas, military and diplomatic sales Marshall, the family-owned £1bn dealer group, has announced that is has completed the acquisition of the Volvo business in Bishops Stortford from Regent Automotive Group.
The new acquisition will bring to seven the number of Volvo businesses in the Marshall portfolio making Marshall the largest partner for Volvo in the UK, which run in one contiguous territory from Nottingham in the north to Welwyn Garden City and Bishop’s Stortford in the south, taking in Grantham, Peterborough, Cambridge and Milton Keynes along the way.
Commenting on the acquisition, Daksh Gupta, Chief Executive of Marshall said: ”We are delighted to have completed this acquisition and to be welcoming our new colleagues to Marshall. This acquisition is in line with our clear strategy to build strength through the depth of representation with our core brand partners, like Volvo, with whom we have an exceptionally strong relationship.” The new business is joining a strong Volvo division, with the six existing Marshall Volvo businesses having generated a return on sales in excess of 2% in 2013 and a return on capital employed of 18.9%.
Daksh Gupta added: “We are very excited about the future with Volvo, which is being strengthened by their substantial investment in class-leading new product such as the replacement for the iconic XC-90 which will be launched in the UK in the coming months.”