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Announced

Completed

Inchcape completed the acquisition of ITC and Simpson Motors.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Friendly

Completed

Single Bidder

Acquisition

Private

car dealership

United Kingdom

Auto Services

Cross Border

Majority

Synopsis

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Inchcape, a global automotive distributor, completed the acquisition of Interamericana Trading and Simpson Motors, two car dealerships. Financial terms were not disclosed. The acquisition expands Inchcape’s global footprint with entry into the Caribbean, further building on its presence in the Americas. The addition of ITC and Simpson Motors strengthens the croup’s geographic reach with Suzuki, Mercedes-Benz and Subaru, and broadens its OEM relationships, with the addition of Chrysler to its list of brand partners.

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