Changes for page Inchcape
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... ... @@ -134,7 +134,7 @@ 134 134 135 135 = Recent development = 136 136 137 -On January 22 nd 2020. Inchcape plc has agreed to acquire Daimler’s Mercedes-Benz passenger car and private vans distribution operations in Colombia, currently operated by Daimler Colombia S.A. The transaction enterprise value, which is undisclosed, represents approximately 8x 2019E EV/EBIT. This follows the announcement made on 7th November 2019 that Inchcape has agreed to acquire Autolider, the distributor of certain Daimler brands such as Mercedes-Benz passenger and commercial vehicles, Freightliner and Fuso in Uruguay and Mercedes-Benz passenger and commercial vehicles in Ecuador. The purchase of these businesses represents a strategic transformation of Inchcape’s partnership with Daimler to include distribution contracts after a 30-year Retail-only partnership, a further milestone for Inchcape’s OEM Partner of Choice strategy. Together these acquisitions have enabled us to create a scale regional platform with Daimler. 137 +On January 22 nd 2020. Inchcape plc has agreed to acquire Daimler’s Mercedes-Benz passenger car and private vans distribution operations in Colombia, currently operated by Daimler Colombia S.A. The transaction enterprise value, which is undisclosed, represents approximately 8x 2019E EV/EBIT. This follows the announcement made on 7th November 2019 that Inchcape has agreed to acquire Autolider, the distributor of certain Daimler brands such as Mercedes-Benz passenger and commercial vehicles, Freightliner and Fuso in Uruguay and Mercedes-Benz passenger and commercial vehicles in Ecuador. The purchase of these businesses represents a strategic transformation of Inchcape’s partnership with Daimler to include distribution contracts after a 30-year Retail-only partnership, a further milestone for Inchcape’s OEM Partner of Choice strategy. Together these acquisitions have enabled us to create a scale regional platform with Daimler.{{footnote}}https://www.inchcape.com/en/investors-and-media/news/inchcape-news/2020/acquisition-of-mercedes-benz-passenger-car-and-private-vans-distribution-in-colombia.html{{/footnote}} 138 138 139 139 In Colombia, where Inchcape has operated since 2016, Inchcape will become the Mercedes-Benz distributor of passenger cars and private vans, adding to its Subaru, Hino and JLR operations. This acquisition further enhances the LatAm platform which has grown from operating BMW in two markets to now representing BMW, Mercedes-Benz, Hino, Subaru, Suzuki and JLR, as well as Freightliner, Fuso and a range of Chinese OEMs, in eight markets across the region. 140 140 ... ... @@ -152,6 +152,8 @@ 152 152 153 153 A milestone for two pillars of the Ignite strategy - OEM partner of choice and investing to accelerate growth 154 154 155 +{{putFootnotes/}} 156 + 155 155 = Investor Presentation = 156 156 157 157 [[https:~~/~~/www.inchcape.com/content/dam/inchcape/corporate/investors-and-media/InvestmentProposition/CMD%20summary%20presentation%20(2019-03-21).pdf>>url:https://www.inchcape.com/content/dam/inchcape/corporate/investors-and-media/InvestmentProposition/CMD%20summary%20presentation%20(2019-03-21).pdf]]