Iveco Group and Hedin Mobility Group sign agreement for the transfer of distribution and retail operations in the Nordics
05 Dezember 2023 - 11:00AM
Turin, 5th December 2023. Iveco Group N.V. (EXM:
IVG) and Hedin Mobility Group AB (publ), following up on the Letter
of Intent signed in March 2023, announce the signing of a Share
Purchase Agreement that sees Hedin Mobility Group acquiring Iveco
Group's distribution and retail operations in Sweden, Norway,
Finland, and Denmark. This transaction, subject to regulatory
approval, is expected to be completed during the first half of
2024.
This partnership fortifies Hedin Mobility
Group's position as a leading European mobility provider and
expands IVECO's Nordic distribution network. It involves the
transfer of marketing and distribution operations for IVECO light
commercial vehicles, medium- and heavy-duty trucks, and minibuses
sold through the retail network in the four Nordic countries,
including spare parts. The agreement also includes the acquisition
of the retail business at the IVECO-owned dealerships in Sweden
(Gothenburg, Helsingborg and Malmö), Norway (Bærum), Finland
(Espoo), and Denmark (Odense).
Iveco Group's commercial vehicle product range
is currently sold and serviced in the Nordics through 35 retailers
and more than 100 workshops.
Gerrit Marx, CEO, Iveco Group, commented:
“Finalizing this key partnership with Hedin Mobility Group
immediately after the launch of our new full range is a sign to our
commitment to growth and sustainability. This collaboration will
enhance our presence in the Nordic market, leveraging Hedin's
established network to deliver our innovative, efficient, and
environmentally friendly vehicles to more customers.”
Anders Hedin, founder and CEO of Hedin Mobility
Group, said: “This strategic partnership with Iveco Group
significantly strengthens our value proposition and position as a
leading European mobility provider, expanding our business both in
distribution and retail. We share a determination to drive change
and deliver products and services that benefit both end-users and
society at large. Building on the renewed IVECO offering, we are
excited to start our collaboration, enhance the brand’s Nordic
market presence and create value for existing and new
customers.”
Iveco Group N.V. (EXM: IVG) is
the home of unique people and brands that power your business and
mission to advance a more sustainable society. The eight brands are
each a major force in its specific business: IVECO, a pioneering
commercial vehicles brand that designs, manufactures, and markets
heavy, medium, and light-duty trucks; FPT Industrial, a global
leader in a vast array of advanced powertrain technologies in the
agriculture, construction, marine, power generation, and commercial
vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium
bus and coach brands; IDV, for highly specialised defence and civil
protection equipment; ASTRA, a leader in large-scale heavy-duty
quarry and construction vehicles; MAGIRUS, the industry-reputed
firefighting vehicle and equipment manufacturer; and IVECO CAPITAL,
the financing arm which supports them all. Iveco Group employs more
than 35,000 people around the world and has 20 industrial sites and
29 R&D centres. Further information is available on the
Company’s website www.ivecogroup.com
Media Contacts:Francesco Polsinelli, Tel: +39
335 1776091Fabio Lepore, Tel: +39 335 7469007E-mail:
mediarelations@ivecogroup.com
- 20231205_PR_Iveco_Group_Hedin_Mobility_Group_SPA
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