The US Invasion!9 Mar 2016 20:22
Interesting read from the IMI magazine.....
Following Group 1's acquisition of London-based Spire Automotive, there's an expectancy that US dealer groups will make further investments in the UK. There are several reasons to anticipate that more UK dealers groups could be takeover targets for US companies, not least a desire to lessen dependence on their domestic market and seek international expansion opportunities. In addition, the current strength of the US$ is making UK asserts appear remarkable cheap. As consolidation continues there will be plenty of opportunities for further acquisitions, with perhaps publicly-quoted groups such as Pendragon and Lookers, with quite modest stock market valuations of £552m and £602m respectively, becoming juicy targets