January 31, 2024
Hedin Mobility Group and Mercedes-Benz continue their long-standing collaboration as Hedin acquires the Own Retail of Mercedes-Benz in Malmö.
Hedin Mobility Group AB (publ) has entered an agreement to acquire Mercedes-Benz Försäljnings AB (“Mercedes-Benz Malmö”), a fully owned subsidiary to Mercedes-Benz Sverige AB. The acquisition includes all of Mercedes-Benz Malmö's activities in vehicle sales and aftermarket services as well as the property with 14,596 sqm of building space where the business is operated.
Mercedes-Benz Malmö is a full-service dealership that offers new and used Mercedes-Benz passenger cars and light commercial vehicles, exhibited in a 4,355 sqm showroom, as well as best-in-class aftermarket services. Located in Malmö’s prime automotive area Fosie, Mercedes-Benz Malmö has been a first mover for several development processes, such as being one of the first dealerships in Sweden with the MAR2020 concept.
Employing a staff of some 137 highly motived professionals, who all will continue their employment with Hedin Mobility Group. In 2022 Mercedes-Benz Malmö sold almost 2,200 new and used vehicles.
Hedin Mobility Group started selling Mercedes-Benz cars in 1985 and is today a significant European representative of the brand, with more than 90 sales points in 8 countries. As the home market for Hedin Mobility Group, Sweden continues to play an important role in the future of the company. The footprint optimization of Hedin Mobility within Sweden is a strategic step supporting the overall European development of the group. Through the acquisition of Mercedes-Benz Malmö, Hedin Mobility Group strengthen its position in the south of Sweden.
Anders Hedin, founder and CEO of Hedin Mobility Group commented: “Our successful partnership with Mercedes-Benz in Sweden is based on a relationship that spans five decades, so we are obviously very happy about this agreement and the opportunity to represent the brand in the south of Sweden. We look forward to welcoming the employees of Mercedes-Benz Malmö to Hedin Mobility Group and continue providing existing and new customers in the region a first-class brand experience.”
Subject to regulatory approval, the transaction is expected to be completed in the second quarter of 2024.