AI Annual Report 2019 1
I.A. HEDIN BIL AB I.A. Hedin Bil was founded in 1
985 when father and son, Ingemar and Anders Hedin acquired Philipsons Bil in Borås. We started with two brands – Mercedes-Benz and Nissan. During the first year the company sold 800 vehicles, employed 40 people and had a turn-over of 45 million SEK. In the early 90s the Borås based company grew through acquisitions in Halmstad, Ängelholm, Helsingborg and Göteborg. At the beginning of 2000 the expansion continued as more facilities were acquired and Hedin Bil became one of the largest car dealerships in Sweden. In 2017 Miklagruppen, with dealerships in Norway and Sweden, was acquired. During the same year the company name was changed to Hedin Automotive. With this acquisition, two additional brands were added to the Group – Bavaria and KC Motors. The operations were also expanded through the addition of three Porsche Centers in Norway. During 2019 Hedin Bil expanded in Belgium and as of today there are a total of fifteen Mercedes-Benz dealerships under the brand Hedin Automotive. I.A. Hedin Bil AB is owned by Anders Hedin Invest AB, holding 91 % and Ingemar Hedin, holding 9 %. The head office is located in Mölndal. At the beginning of 2019, I.A. Hedin represents 33 car brands in more than 100 locations 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 2,733 EMPLOYEES 78,423 RETAILED VEHICLES I.A. HEDIN BIL AB / ANNUAL REPORT / 2019 9