Hedin Mobility Group acquires five Citroën and DS dealerships in the Netherlands

Hedin Mobility Group bolsters its representation and expands its brand portfolio in the Dutch market.

14 June 2022 –– Leading Dutch automotive retailer Hedin Automotive (Hedin Automotive B.V.), a subsidiary of Hedin Mobility Group AB (publ), has reached an agreement with Wensink to acquire five Citroën and DS dealerships in the Northern part of Netherlands – including Groningen – which together employs approximately 30 people in car sales, workshop services and car parts.

Through the acquisition, Hedin Automotive expands its brand portfolio in the Dutch market and adds 38 million euro per year in turnover. Furthermore, Hedin Automotive will add Citroën to its existing dealerships in Assen, Hoogeveen and Emmen, where it will be combined with other Stellantis brands.

“We are pleased to have reached an agreement for this acquisition. The Northern branch is a valuable addition to our network, and we warmly welcome the Citroën and DS car brands to our portfolio. Wensink has created a good market position in the region and together with all employees we will continue to expand this”, said Henk van der Kwast, CEO of Hedin Automotive B.V.

“With the acquisition of Wensink's dealerships, we gain access to a market with great potential in Northern Netherlands and it is also strategically important to our Stellantis representation in the region”, said Anders Hedin, owner and CEO of Hedin Mobility Group.

 The transaction is subject to approval from relevant competition authorities. Transition of business is expected to take place in early July 2022.