1:27 am, December 10, 2010
SYTNER is to take over the Maidenhead BMW and Mini dealerships from Pendragon it has been revealed.
The dealer group has bought the Maidenhead business from Pendragon for an undisclosed sum.
As part of the deal all of the employees will transfer to Sytner and the team members which number around 60 are currently being consulted. The transaction is expected to close in the middle of January 2011.
It has also been revealed by Pendragon’s chief executive, Trevor Finn, that the deal was originally planned and announced in 2007, but the economic climate postponed this.
Gerard Nieuwenhuys, Sytner’s managing director said: ‘We are delighted to have the opportunity of acquiring an exciting BMW and MINI business. We look forward to welcoming the employees and customers of BMW and MINI Maidenhead to Sytner in the New Year.’
Tim Abbott, BMW Group managing director, said: ‘We enjoy a strong relationship with Pendragon and its dealerships are doing a good job for us in the north of England. While the company has undertaken some market consolidation in the south, we would not rule out the possibility of working together in another area of the country should a suitable opportunity arise in the future.’
