4:10 am, January 11, 2012
VERTU has bought the trade and certain assets of Vauxhall dealer W Grose Northampton Limited for £2m.The deal, which sees Vertu’s outlets grow to 80 franchised and three non-franchised sites around the UK, went through on January 9.
Robert Forrester, CEO of Vertu, said: ‘We are delighted to expand our operations in Northampton. This is our 11th Vauxhall dealership and reflects the growing scale of our Vauxhall operations.’
W Grose turned over £20m up to December 31, 2010. The current dealership premises have been acquired on a short term lease from W Grose Limited.
The business will be relocated to a new state-of-the art dealership which will be built on freehold land acquired for this purpose in Northampton. The total investment in this new dealership will be £4.5m and it is estimated that these new premises will open later this year.
