Bilia has today, as part of the agreement with Volvo Cars dated 1 October
2021, entered into an agreement to sell four facilities in Bergslagen in Sweden to Bilkompaniet i Dalarna AB.
The sale refers to the facilities in Avesta, Hedemora, Fagersta and Sala. These facilities conduct sales of new cars, used cars and service for Volvo and Renault.
The sale is expected to take place on 1 February 2022. The transfer is subject to approval by the Swedish competition authority.
Gothenburg, December 7, 2021
Bilia AB (publ)
For information please contact:
Per Avander, Managing Director and CEO, +46 (0)10 497 70 00, firstname.lastname@example.org
Kristina Franzén, CFO, +46 (0)10 497 73 40, email@example.com
Facts about the Bilia Group
Bilia is one of Europe’s largest car dealers with a leading position within service and sales of cars, transport vehicles and trucks. Bilia has about 160 facilities in Sweden, Norway, Germany, Luxembourg and Belgium. Bilia sells cars of the brand Volvo, BMW, Toyota, Mercedes, Renault, Lexus, MINI, Porsche, Nissan, Dacia, Smart and Alpine and transport vehicles of the brand Renault, Toyota, Mercedes, Nissan and Dacia and trucks of the brand Mercedes.
Bilia has today a fully expanded business with sales of new cars, e-commerce, spare parts and store sales, service and repair workshops, tyres and car glass and financing, insurance, car washes, fuel stations and auto salvage under the same roof, which gives a unique offer.
Bilia reported a turnover of about SEK 30 bn in 2020 and had about 4,700 employees.
© OMX, source GlobeNewswire - EU Press Releases