AI Annual Report 2019 1
2017-2018 2017 • The business transfer of Bilias
Ford operation in Stockholm is carried out. • The facilities owned by ANA Motorcentrum in Trollhättan and Lysekil is acquired. • PCB Västsverige AB, retailer for Porsche in Borås, Göteborg and Linköping is acquired. We welcome Porsche as a new brand into the concern. • Miklagruppen, with the subsidiary companies Bavaria Norge AS, Bavaria Bil AB, KC Motors AB and GS Bildeler AS, is acquired. Miklagruppen is the distributor of BMW, Mini and Porsche, with facilites in in Sweden and Norway. • The BMW-facility owned by gruppens in Skellefteå is acquired. • Eriksson Bilteam AB in Gävle, consisting of the resale, service and spare parts for BMW and Opel, is acquired. • 51 % of Tuve Bygg Holding AB is acquired. Burlin2018 • Two business locations in Gävle is sold by I.A. Hedin Fastighet AB on February 28. • Mercedes-Benz Gent, who is operating seven facilities in the east of Flanders, Belgium is acquired on April 1 through three separate legal entities. The business controls 7 % of the Belgian market. • On April 17, 2018, Motorcentralen in Eskilstuna is acquired by Hedin Mölndal Bil AB, through I.A. Hedin Bil AB. The acquisition include the Ford operations for passenger cars and commercial vehicles. • April 19 marks the grand opening of Ford Store, Hedin Bil in Segeltorp, Stockholm. • On April 23, Bavaria Sverige Bil AB acquires Englunds Bil in Luleå. • Dodge & RAM Flagship Store Stockholm in Kungens Kurva is opened on May 1. • The grand openings of KC Motors Danderyd takes place on June 7, and of KC Motors Norrtälje on June 8 respectively. • The minority share in GS Bildeler AS is acquired on June 21 by Hedin Automotive AS, now owning 100 % of the company. • As of July, 13 Bavaria Sverige AB enters an agreement to acquire Ivars Bil AB in Östersund, a dealer of BMW and Nissan. The acquisition is closed on August 31. • On August 22, Hedin Belgien Bil AB enters an agreement to acquire two full-service facilities for Mercedes-Benz passenger cars, commercial vehicles and trucks located between Gent and Antwerp in the north eastern parts of Belgium. The closing is conditioned upon the approval of the Belgian Competition Authority. • I.A. Hedin Belgien Bil AB acquires another five Mercedes-Benz facilities in Antwerp on August 22.. • Ford Transit Center, a Ford transport retailer, is opened on September 1 in Eklanda, Göteborg. • Hedin Bil’s passenger car dealership in Helsingborg, an authorized dealer of Mercedes-Benz, Kia and Nissan is re-opened on September 20 after being renovated. • Hedin Göteborg Bil AB gains access to Skadecenter i Borås AB on September 28, expanding both the service workshop and body workshop in Borås • 67 % of the stock share of Norwegian importer and wholesale company ConLogo is acquired. • With the aim to take a leading role on the market for used cars, Hedin Certified is launched on November 1. • The company KW Cars in Grimbodalen is transferred to I.A. Hedin Bil AB as of November 1, and the name is changed to Hedin Bil i Grimbodalen. • On November 1, Hedin Ford in Nacka is opened. The site offers the full range of Ford models and also includes Hedin Certified. • A land plot in Mölndal is acquired by I.A. Hedin Fastighet AB from the municipality of Mölndal, upon which a business complex is planned to be built. • Another 14.5 % of the construction firm Tuve Holding AB is acquired on December 21 by Anders Hedin Invest AB, who now owns a total of 65 % of the company. • Anders Hedin Invest AB acquires shares in the British car retailer Pendragon Plc during the fourth quarter. The share amounts to 4 % of the company by the end of the year. During the first quarter of 2019 additional shares have been acquired, and the total holdings now amounts to 11.61 %, including privately owned shares. MILESTONES AND HISTORY 40 I.A. HEDIN BIL AB / ANNUAL REPORT / 2019