Lei Shing Hong Group acquired Autohaus Sternagel.

Lei Shing Hong Group, the world’s largest dealer for Mercedes Benz cars, acquired Autohaus Sternagel, which provides vehicle repair, insurance, financing, insurance, and cleaning services. The takeover includes three operational properties by its German subsidiaries. A total of four locations is affected by the takeover: two car dealers in Potsdam, one car dealer in Nauen and one service location in Ludigsfelde. Financial terms were not disclosed. This acquisition was part of a growth strategy which served the purpose of continually and sustainably expanding on the existing German business with car dealers for the Mercedes Benz brand.