Vertu Motors
Vertu Motors PLC is a UK based car dealership group established in 2006. It is listed on the Alternative Investment Market.
The company started trading by acquiring Bristol Street Motors[1] in 2007, a Birmingham based dealer that started in the early 1900s, for £31m cash, £9m of shares, and assumed debt of £29m.
The company sells a variety of car marques under the Vertu, Bristol Street Motors, Farnell[2] and Macklin Motors name, a company acquired by Vertu in Scotland in 2010.[3]
The company's largest acquisition since its establishment with Bristol Street Motors was £31m to purchase the Yorkshire-based Farnell Land Rover dealerships.[4]
References
- ^ "Scots dealers set pace for soaring profits at Vertu Motors". Herald Scotland. 16 October 2013. Retrieved 16 January 2015.
- ^ "Vertu buys Co-Op's Land Rover sites". Automotive Management. 21 May 2013. Retrieved 16 January 2015.
- ^ "Vertu Motors PLC VTU Completion of Macklin Motors Acquisition". Bloomberg. 1 July 2010. Retrieved 16 January 2015.
- ^ "Vertu Motors unveils acquisition". Financial Times. 22 May 2013. Retrieved 16 January 2015.