On Thursday 1st July Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”),an international, Fortune 500 automotive retailer completed the acquisition of Robinsons Motor Group.
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 188 automotive dealerships, 242 franchises, and 48 collision centres in the United States, the United Kingdom and Brazil that offer 32 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.
The addition of Robinsons Motor Group to the UK operation represents further significant growth in our VWG network along with a newpartnership with Citroen. It complements our existing Mercedes Benz dealerships in EastAnglia acquired in 2018 and continues to match our geographical growth strategy in theSouth East of England.
Group 1’s President and Chief Executive Officer Earl Hesterberg stated, “We are pleased to further expand our strong relationship with the Volkswagen Group in the U.K. Our previous experience in these market areas has been very positive and we are confident that these businesses will contribute further growth to our U.K. operation.”
Group 1’s UK Operations Director Mark Bridgland stated, “We welcome the Robinsons team to the Group 1 family with open arms - their knowledge, experience and expertise is a great addition to the group. Over the years, the entire team at Robinsons have built fantastic relationships with their customers, and these will continue to grow. Robinsons customers will still see the same faces and receive the same great customer service that they have come to know and expect.