BCA in £43m takeover of SMA

Time 5:18 pm, June 1, 2015

bca logoBCA is to buy auction and services group SMA Vehicle Remarketing Ltd for £43 million.

SMA sells vehicles online and through its auction sites in Kinross, Edinburgh, Birmingham, Newcastle and Leeds. 

BCA executive chairman Avril Palmer-Baunack said: ‘We are delighted to have completed this value-accretive acquisition so soon after listing BCA and to be delivering on our previously-stated intention to pursue organic and non-organic routes to accelerate growth of the auction exchange and support services.

‘We welcome the SMA management team led by Bob Anderson to the BCA Group and look forward to working with them to continue to provide a pre-eminent service to our buyers and vendors.’

SMA employs about 500 staff and has a turnover of almost £40m and made a profit of almost £5m before tax in 2014.

MORE: Ford’s newly-appointed chief will be speaking at #CDX15

MORE: Why you mustn’t miss Manheim at the Car Dealer Conference & Automotive Expo

MORE: More than 1,500 delegates sign up for the event

MORE: Women in the Motor Industry session at the Car Dealer Conference & Expo

Colin Channon's avatar

Colin is a former editor of Car Dealer. He left the magazine in August 2015.

More stories...

Server 190