Hedin Mobility Group completes the acquisition of IVECO’s distribution and retail operations in the Nordics
MÖLNDAL, November 4, 2024 – Hedin Mobility Group AB (publ), has completed the acquisition of IVECO’s Nordic distribution network from Iveco Group N.V. (EXM: IVG), which was announced in December 2023. The transaction includes IVECO's distribution and retail operations in Sweden, Denmark, Norway and Finland.
This transaction strengthens Hedin Mobility Group's position as a leading European distributor while strengthening IVECO's distribution network in the Nordic region. It involves the transfer of marketing and distribution operations for IVECO light commercial vehicles, medium- and heavy-duty trucks, as well as minibuses sold through the retail network in the four Nordic countries, including spare parts. The deal also includes the acquisition of the retail business at the IVECO-owned dealerships in Sweden (Gothenburg, Helsingborg and Malmö), Norway (Bærum), Finland (Espoo), and Denmark (Odense).
IVECO’s range of commercial vehicles is currently available for sale and service across the Nordics through 35 retailers and over 100 workshops.
Anders Hedin, founder and CEO of Hedin Mobility Group, commented: “This strategic deal with IVECO greatly enhances our value proposition and reinforces our standing as a leading European distributor. Building on the renewed IVECO offering, we are eager to begin this collaboration, strengthen the brand’s presence in the Nordic market, and create value for both our customers and employees moving forward.”
About IVECO
IVECO is a brand of Iveco Group N.V. (EXM: IVG). IVECO designs, manufactures and markets a wide range of light, medium and heavy commercial vehicles, off-road trucks and vehicles suitable for any body type.
It constantly innovates and extends its product portfolio to provide every customer with the vehicle that matches their mission precisely. IVECO’s full-line offer is designed around the Driver’s needs to ensure an excellent experience with a focus on safety and comfort. A wide range of advanced digital, connectivity-enabled services developed to help fleet owners run their fleet efficiently enhance IVECO’s complete transport solution.
IVECO pursues its decarbonisation strategy through a multi-energy approach that includes the further development of bio-methane, battery electric and fuel cell technologies.
IVECO manages production sites in 7 countries throughout Europe, Asia, Africa, Oceania and Latin America. 3,500 sales and service outlets in over 160 countries guarantee technical support wherever an IVECO vehicle is at work.
IVECO drives the road of change by powering the transformation of the transport industry, propelled by the ambition to be the most reliable partner and full-line player for its customers.