Stern Groep NV (ENXTAM:STRN) agreed to acquire Smart and Mercedes-Benz dealerships from Pouw Automotive Groep B.V. on September 4, 2013. Pursuant to the acquisition, Smart dealerships will be merged into Mercedes-Benz dealerships of Stern Groep. The entire administration of Smart dealerships will be moved to Stern. All the staff of Smart dealerships will be retained. The transaction is expected to be completed by December 1, 2013. Michiel Pannekoek and Bram Caudri of Houthoff Buruma acted as legal advisors to Pouw. NIBC Bank N.V. acted as financial advisor to Stern Groep NV.


Stern Groep NV (ENXTAM:STRN) completed the acquisition of Smart and Mercedes-Benz dealerships from Pouw Automotive Groep B.V. on November 15, 2013.