Hedin Automotive completes the acquisition of Renova Automotive Group
Hedin Automotive adds BMW and MINI to its Dutch brand portfolio as the company grows in south-west Netherlands.
MÖLNDAL, SWEDEN, August 18, 2023 –– Hedin Automotive B.V. has completed the acquisition of Renova Automotive Group B.V. that was announced on July 26, 2023. The acquisition comprises all of the Dutch dealer group’s BMW and MINI activities, which includes sales of new and used vehicles as well as aftermarket services and damage repair operations.
The transaction encompasses five full-service BMW dealerships, of which three also represents MINI, and two standalone damage repair shops in Central and West Brabant and Zeeland. The completed acquisition means that Hedin Automotive strengthens its market position in the south-west of the Netherlands and expands its portfolio to a total of 28 leading car brands.
Renova employs a total of 250 people, all of whom now continue their employment within Hedin Automotive. In 2022, Renova’s BMW and MINI market shares were both over 9% and the group’s turnover amounted to approximately MEUR 200.