Hedin Mobility Group AB (publ) has completed the acquisition of IVECO’s Nordic distribution network from Iveco Group NV (EXM: IVG), which was announced in December 2023.
The transaction includes IVECO’s distribution and retail activities in Sweden, Denmark, Norway and Finland.
The transaction strengthens Hedin Mobility Group’s position as a leading European distributor, while strengthening IVECO’s distribution network in the Nordic region. It involves the transfer of marketing and distribution activities for IVECO’s light commercial vehicles, medium and heavy trucks and minibuses, which are sold through the retail network in the four Nordic countries, including spare parts. The agreement also includes the acquisition of the retail activities at the IVECO-owned dealers in Sweden (Gothenburg, Helsingborg and Malmö), Norway (Bærum), Finland (Espoo) and Denmark (Odense).
IVECO’s range of commercial vehicles is currently available for sale and service throughout the Nordics through 35 dealers and over 100 workshops.
Anders Hedin, founder and CEO of Hedin Mobility Group, commented: “Through the strategic agreement with IVECO, we significantly improve our value proposition and strengthen our position as a leading European distributor. Based on the renewed IVECO offer, we look forward to starting the collaboration, strengthening the brand’s presence on the Nordic market and creating value for both existing and new customers going forward.”
Om IVECO
IVECO is a brand of Iveco Group NV (EXM: IVG), which designs, manufactures and markets a wide range of light, medium and heavy commercial vehicles, off-road trucks and vehicles suitable for all body types.
IVECO continuously innovates and expands its product portfolio to offer each customer the vehicle that exactly matches their needs. IVECO’s entire product range is designed around the driver’s needs to ensure an excellent experience with a focus on safety and comfort. A wide range of advanced digital services with connectivity, developed to help hauliers run their fleet efficiently, strengthens IVECO’s complete transport solution.
IVECO pursues its decarbonisation strategy through a multi-energy approach that includes further development of biomethane, battery electric and fuel cell technologies.
IVECO has production facilities in 7 countries across Europe, Asia, Africa, Oceania and Latin America. 3,500 sales and service points in over 160 countries ensure technical support wherever an IVECO vehicle is in use.
IVECO paves the way for development in the transport industry, driven by the ambition to be the most reliable partner and complete provider for customers.
About Hedin Mobility Group
Hedin Mobility Group is one of Europe’s largest mobility providers with more than 12,500 employees and activities in 14 countries. In 2023, net sales amounted to SEK 81.7 billion and the group sold more than 218,000 vehicles
Our activities consist of three core business areas:
- Within Distribution we are a significant importer/distributor of vehicles, spare parts, tyres, rims and wheels as well as accessories on the European market. We are an importer and/or distributor for BYD, Corvette, Dodge and RAM, Ford and Ford F-150, Hongqi, INEOS Grenadier, MG as well as Renault, Dacia and Alpine. Within spare parts, we are, among other things, an authorized partner for GM and Mopar in Europe as well as an exclusive global supplier of Saab Original spare parts.
- Within Rdetail we represent more than 50 brands with a complete offer – sales, financing, insurance and services – consisting of new and used passenger cars, commercial vehicles and trucks for both private and business customers. Sales take place both online and through a European dealer network that includes more than 350 own dealers with a total of over 800 sales points under the names Hedin Automotive, Carstore, Stephen James and Motor Car Group.
- Within Mobility solutions we meet new user needs and sales models in the automotive industry by offering and developing innovative services. Through Carplus, Unifleet, MABI Mobility and Hedin Supercharge, users are offered various flexible and modern mobility solutions.
Hedin Mobility Group’s business also includes Hedin IT, which provides advanced operational solutions, support and digital development to the group, as well as strategic investments in Mercedes-Benz Financial Services Slovakia, Lasingoo Sweden and Casi.
Read more at www.hedinmobilitygroup.com
Part of the Hedin Group
Hedin Mobility Group is part of Hedin Group together with Hedin Construction Group and IA Hedin Fastighet AB. Hedin Group is also a partner in Consensus Asset Management and Ripam Invest AB, which own Marstrands Kurhotell, Kurbadhus and Societetshus.
Read more at www.hedingroup.com
Source: it-kanalen.dk
