100 dealerships in Northern Europe as Hedin Bil acquires Ivars Bil’s operations in Östersund
The expansion in the northern part of Sweden continues. Sales is estimated to increase with 350 cars yearly.Gothenburg, July 16, 2018 I.A. Hedin Bil AB has through its subsidiary, Bavaria Sverige Bil AB signed an agreement to acquire Ivars Bil's operations in Östersund. After finalizing the deal, I.A. Hedin Bil will have a total of 100 dealerships in Sweden, Norway and Belgium, out of which, 9 are operated by subsidiary Bavaria Sverige Bil AB.The acquisition regards the BMW and Nissan-part of Ivars Bils in Östersund. At present, yearly turnover amount to SEK 105 million, with sales of