I.A. Hedin Bil - Annual Report 2018 1
"The Group I.A. Hedin Bil AB has nine subsidiarie
s." I.A. HEDIN BIL AB I.A. Hedin Bil was founded in 1985 when father and son, Ingemar and Anders Hedin acquired Philipsons Bil in Borås, representing the Mercedes-Benz and Nissan brands. First-year turnover reached 45 MSEK, and together with 40 employees the company retailed 800 vehicles. In the early 1990s, the company grew through acquisitions, mainly in Halmstad, Ängelholm, Helsingborg and Gothenburg. Expansion continued through acquisitions placing Hedin Bil on the map as one of Sweden’s largest automotive retailers. In 2017, Miklagruppen was acquired, with their automotive retailing business in Norway and Sweden, later that year changed name to Hedin Automotive. Through the acquisition, another two trademarks were added; Bavaria and KC Motors and we also expanded with three Porsche Center in Norway. In 2018 Hedin Bil expanded into Belgium through the acquisition of twelve Mercedes-Benz dealerships under the umbrella of Hedin Automotive. I.A. Hedin Bil AB is owned to 91 percent by Anders Hedin Invest AB and the remaining 9 percent by Ingemar Hedin. The Group's headquarters is located in Mölndal. In 2018, the Group retailed 78 504 vehicles and represented 32 car brands through more than 100 dealerships in Sweden, Norway and Belgium. SUBSIDIARIES • Hedin Göteborg Bil AB • Hedin Helsingborg Bil AB • Hedin Stockholm Bil AB • Hedin Örebro Bil AB • Hedin Mölndal Bil AB • KC Motors AB • Hedin Belgien Bil AB • Hedin Automotive AS • Hedin Performance Cars AB 21 043 NET SALES (MKR) 86 RESULT (MKR) 2 800 EMPLOYEES 78 504 RETAILED VEHICLES I.A. HEDIN BIL AB / ANNUAL REPORT / 2018 15 MERCEDES-BENZ FORD