Hedin Belgien Bil AB acquires Rudi Vertommen NV.

Gothenburg, August 22nd 2019

I.A. Hedin Bil AB has through its subsidiary, Hedin Belgien Bil AB, entered an agreement to acquire Rudi Vertommen NV. The deal includes a full-service dealership for PC and LCV Mercedes-Benz. The dealership operates under the brand Vertommen and is situated in Boortmeerbeek.

- In 2018, Hedin Bil successfully took over the operations of 12 Mercedes-Benz dealerships in and around Ghent and Antwerp. The acquisition of Rudi Vertommen NV. complements our existing business in a strategic way and I look forward to further expand our offer in the Belgian market”, said Group CEO Anders Hedin.

In 2018 Rudi Vertommen NV had a turnover of EUR 24 million and the business employed 23 professionals.

When the transaction is concluded, Hedin Bil will have a total of 15 dealerships in the province of Flandern in Belgium.
 

I.A. Hedin Bil AB

(publ)

For further information:

VD: Anders Hedin, anders.hedin@hedinbil.se

Media: press@hedinbil.se

Media please contact: press@hedinbil.se

I.A. Hedin Bil is one of the largest privately-owned automotive retailers in the Nordics, with 32 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 115 locations in Sweden, Norway and Belgium. Turnover in 2018 amounted to 21 bn SEK with 2450 employees. www.hedinbil.se

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

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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. Turnover in 2018 amounted to 21 bn SEK with 2450 employees. www.hedinbil.se ® I.A. Hedin Bil is a registered trademark owned by the Anders Hedin Invest Group (91 %) and Ingemar Hedin (9 %).

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