6 years ago
MOTORLINE has bought the Maserati dealership in Cardiff.
It has been acquired from Arrow Automotive Limited for an undisclosed sum and will be the second Maserati dealership in the Motorline Group.
The south-east based dealer group has in recent years expanded into Bristol and Cardiff area, so the acquisition fits well with their existing infrastructure.
Glen Obee, the chairman of Motorline, said: ‘I am delighted we have acquired the Cardiff Maserati dealership. This highlights our commitment to Maserati after opening the dealership in Maidstone last year. We see a bright future for the brand and look forward to developing the relationship further.’
David Kendrick, a partner at UHY Hacker Young, said: ‘This is a great acquisition for Motorline and fits well with their other representation points in the area. We are seeing more transactional activity than ever with some strong values being atrributed to motor retail businesses. This deal again highlights the consolidation that continues to take place in the sector.’
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