2018-09-03

Press Release – Ivar’s Bil in Östersund officially belongs to Hedin Bil

During the weekend, Hedin Bil’s subsidiary, Bavaria Bil Sverige, took over the operation of the BMW and Nissan dealer Ivars Bil in Östersund.

Gothenburg, September 3, 2018

On August 31, 2018, I.A. Hedin Bil AB, through its subsidiary Bavaria Sverige Bil AB, acquired the BMW and Nissan dealer Ivars Bil in Östersund. During this passing weekend, Bavaria took over the operational responsibility.

Ivars Bil in Östersund had a turnover of 105 million SEK in 2017 and sold approximately 350 cars. The transfer concerns 16 employees.

Bavaria retails the BMW and Mini brands and has been part of the Hedin Bil Group since September 2017. The development of Bavaria in Norrland has been strong with recent acquisitions in both in Skellefteå and Luleå. Thus Östersund is the third facility Bavaria acquires in the north shortly.

Ivars Bil AB continues to operate in Hoting, Sollefteå and Storuman, representing the brands Nissan, Subaru and Citroën

I.A. Hedin Bil AB (publ)

For further information, please contact:

Emma Andersson, Corporate Communication Manager Anders Hedin Invest AB
emma.andersson@andershedininvest.se, 0707-936053