Vertu Motors plc (AIM:VTU) acquired Business and Assets of two BMW Motorrad outlets in Yorkshire from Saltaire Motor Company Limited for approximately £4.2 million on October 31, 2022. The consideration includes a freehold property value of £1.85 million and a payment in respect of goodwill of £0.5 million. This consideration will be paid from the Vertu Motor's existing cash resources. For the year ended 29 September 2021, the Business achieved revenue of £20.5 million and an operating profit of £0.5 million. Jamie Peel, Andrew Jones and Dominic King of Zeus Capital Limited acted as financial advisor to Vertu Motors plc.

Vertu Motors plc (AIM:VTU) completed the acquisition of Business and Assets of two BMW Motorrad outlets in Yorkshire from Saltaire Motor Company Limited for approximately £4.2 million on October 31, 2022.