A morning of motor dealer deals
Two motor dealers, Cambria Automobiles and Vertu Motors have today announced acquisition deals of Land Rover dealerships.
South West based Cambria has completed the acquisition of the trade and assets of the Land Rover franchise in Royal Wotton Basset, Swindon from family business TH White Limited. This is Cambria’s second Land Rover franchise and the Group now operates a total of 29 dealerships representing 46 franchises and 18 brands across the UK. It is intended that the Group will relocate the newly acquired Land Rover operation to a redeveloped site alongside its existing Jaguar dealership in Swindon. The new combined facility will be developed over the next two years. The acquisition comprises a total cash consideration of…