AI Annual Report 2019 1
2019-2020 2019 • On January 1 of 2019 the Leasing
contract IFRS16 comes into effect. To facilitate the comparison with earlier periods, some posts have been accounted for with the exclusion of IFRS16. • On January 17, Hedin Örebro Bil AB opens a dealership for Jaguar and Land Rover in Örebro. • On February 12, Bavaria Haugesund AS acquires 51 % of the shares in MPS Micropaint Haugesund AS. The company’s operation consists of the maintenance and reparations of vehicles. • Hedin Belgien Bil AB acquires a body- and paint shop in connection to the current facility in Lier, Belgium on February 18. • GS Bildeler AS acquires 91 % of the shares in EBC Brakes Norge AS as of February 26. EBC Brakes is a wholesale agent for brakes and detailing supplies for cars and motorcycles. • As of Mars 22, Hedin Stockholm Bil AB announces that DS Automobiles are expanded to include Malmö Jägersro, in addition to Akalla. • Hedin Stockholm Bil AB expands the transport vehicle operations by re-locating from Kista to both Spånga and Akalla on March 27. • Hedin Auction is introduced on April 10, and targets car retailers. This is a Swedish online auctions site for the used Hedin vehicles that are not offered to end customers. This solution gives transparency and market prices for all parties involved. • Bavaria Norway AS agrees to acquire three BMW-facilities in Ålesund, Molde and Kristiansund from Brages Bil AS on June 7. The acquisition is closed on August 14. • As of December 1, the assets and liabilities of a Ford-Store facility in Västerås is acquired by Hedin Mölndal Bil AB from Hermibil I Mälardalen AB after their liquidation. • Interwheel Sweden AB is acquired on December 2 by Klintberg & Way Group through their subsidiary Klintberg & Way Parts AB from Däckia AB. Interwheel Sweden AB is a tire, rim and complete wheel-set wholesaler focusing on customers within the car industry in the Nordic region • The Klintberg & Way Automotive SA operation/HQ in Lugano, Switzerland is re-located to Bremerhaven, Germany on December 3. • On March 2 it was made public that the Chinese electric car manufacturer BYTON will be choosing Hedin Automotive as a strategic sale- and service partner in Sweden and Norway. BYTON M-Byte will be launched in Europe during the latter half of 2021. • On March 5, Anders Hedin Invest AB signed a contract through the subsidiary Hedin Automotive AB to become the i mporter of Ford for the Swedish market. In addition to this the two parties have signed an MoU considering the planned takeover of Fords national import company in Sweden. The planned date for this takeover is August 1, 2020, after an approval of the Swedish Competition Authorities. • On April 1, our new concept ”Car Store” was launched. Car Store is a used car sales concept within the Hedin Group. • On august 21, Hedin Belgien Bil AB acquires two full-service facilities for Mercedes-Benz between Antwerp and Gent. • On August 22 Hedin Belgien Bil signs an agreement to acquire five full-service facilities for Mercedes-Benz between Antwerp and Brussels. The acquisition is completed on September 16. • September 17 marks the grand opening of Porsche Center Kristiansand in Norway. • October 10 marks the grand opening of a new Porsche Center in Jönköping. • October 14 marks the grand opening of a new KIA-dealership in Tagene outside of Göteborg. • An MoU is signed by Hedin Automotive with the Chinese electric car brand BYTON regarding the retail rights on the Norwegian market. • On November 13 the dealership of Hedin Örebro Bil AB in Norrköping is liquidated. 2020 • The FordStore in Västerås is re-opened on January 13 after being renovated. • On January 16, the Hedin group expands to Switzerland by entering an agreement to acquire SeeAll Group (Zürich). SeeAll Groups two car facilities, Allmend Garage and Seeblick Garage, becomes the first two Hedin operations in Switzerland. SeeAll is a part of the fully owned, newly established subsidiary to Anders Hedin Invest AB, Hedin Automotive AB and is operated through the Norwegian unit Hedin Automotive. • On January 29, the plans of Hedin Performance Cars AB to build a Porsche Center in Linköping is announced. The grand opening is scheduled to 2022. • On January 30 it was made public that Anders Hedin Invest AB and the Stern Groep N.V., a listed automotive retailer active in the Netherlands, are holding exclusive negotiations regarding the merger of the two companies automotive operations, including I.A. Hedin Bil AB. I.A. HEDIN BIL AB / ANNUAL REPORT / 2019 41