Bifogade filer
Hedin Mobility Group acquires Alpina Group and expands its presence in Switzerland
Alpina Group Switzerland
Alpina Group – Chur
Alpina Group – St Gallen
Alpina Group – Widnau
Prenumeration
Hedin Mobility Group grows its presence in Switzerland when Hedin Automotive takes the position as the second largest BMW and MINI dealership group in the country.
MÖLNDAL, SWEDEN, 14 September 2022 –– Hedin Automotive AG, a subsidiary of Hedin Mobility Group, has entered into an agreement to acquire all shares in Alpina Group, the largest BMW and MINI dealership group in the eastern part of Switzerland. Alpina Group’s turnover in 2021 was approximately MEUR 117.5 and the company employs some 140 people at three full-service dealerships in St. Gallen, Widnau and Chur.
In 2020, Hedin Automotive expanded to Switzerland through the acquisition of three BMW and MINI dealerships in the greater Zurich-area. Since then, the state-of-the-art body shop and paint supplier CaroLack Galliker has been added to the business, which is now being expanded to eastern Switzerland, targeting a strategically important area for Hedin Mobility Group.
Marcus Larsson, CEO of Hedin Automotive AG, said:
“With Alpina Group, we are expanding our footprint further, taking the position as the second largest BMW dealer group in the country. This is fully in line with our strategy and demonstrates our continued commitment to invest and expand the operations in Switzerland. We look forward to welcoming the Alpina team as we look to enhance the strong legacy of the dealerships while building additional scale in this important market.”
Anders Hedin, owner and CEO of Hedin Mobility Group, said:
“This strategic acquisition grows our market presence in Switzerland and thereby our position as one of Europe's leading providers of mobility solutions. In addition, we strengthen the Group's long-standing partnership with BMW, which is very gratifying.”
Markus Schwingel, CEO and co-owner of Alpina Group, said:
“We are excited to join Hedin Automotive and are thrilled to have found a buyer with values and a mindset to match our own. We identify ourselves with their customer-centric approach and ambitions. When we now join one of the largest BMW players in Europe, we will benefit from mutual expertise as well as access to resources and capital. It unlocks exciting opportunities for our dedicated, skillful employees.”
The transaction is subject to approval from competition authorities. Transfer of business is expected at the end of September 2022.