Automotive Holdings Group has made a number of acquisitions that have significantly increased its presence in the Australian truck and bus market.
An agreement has been reached with Mercedes-Benz Australia/Pacific (MBAuP) to purchase Mercedes-Benz Commercial Vehicles in Newcastle (NSW), Rocklea (Queensland) and Caboolture (Queensland).
The purchases from BMAuP includes the Mercedes-Benz (truck, van and bus), Freightliner and Fuso brands.
AHG managing director Bronte Howson says the acquisitions strengthen the group’s position in NSW and Queensland and offer AHG customers the broadest truck and bus portfolio in the Australian market.
Since it’s acquisition last year by AHG, Daimler Trucks Perth has become the number one Mercedes-Benz and Fuso truck dealer in Australia, with sales volumes exceeding the manufacturer’s expectations.
“Given the success of Daimler Trucks Perth, we’re excited about our prospects with the Daimler trucks range of Mercedes-Benz, Frieghtliner and Fuso in NSW and Queensland,” says Howson.
“We are growing our presence in the WA, Queensland and NSW truck and bus markets with experienced dealer principals and world-leading brands that have the capacity to grow revenue from sales, service and parts,” says Howson.
The Mercedes-Benz acquisition complements the purchase announced last October of Diesel Motor Trucks Perth, while the Hino acquisition adds to AHG’s existing Hino dealerships in Perth and Melbourne.
The combined purchase price for the Newcastle and Brisbane acquisitions is approximately $8m inclusive of $5m in trading assets. Forecast revenue for the combined operations is $110 million per annum
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