Marshall Motor Group has announced the acquisition of dealer group Motorline in a deal worth £64.5m.
The purchase – the biggest for Marshall since it bought Ridgeway – will take the group to a £3.2bn annual turnover.
The deal was for a cash consideration of £64.5m funded by the group’s existing cash resources.
Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.