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Marshall Motor Group has made its second acquisition in a week with the purchase of a Land Rover dealership from Hammonds Group in Halesworth for an undisclosed sum.
The business, situated between Ipswich and Norwich, increases Marshall’s Land Rover portfolio to six sites and was part of a strategic move to represent the brand in Suffolk.
“Halesworth Land Rover is a great business which will turnover £30m this year and has a first class team whom we look forward to welcoming to Marshall,” said Marshall chief executive Daksh Gupta.
“This acquisition continues our established strategy of building scalable businesses with core brand partners based on a strong relationship and a depth of representation. We are delighted to be adding to our Land Rover portfolio just as the current fantastic product range is about to be further enhanced with the introduction of the new Discovery Sport next year.”
Under the terms of the deal, all 42 staff at the Halesworth Land Rover business will transfer to Marshall.
Earlier this week Marshall expanded its Volvo portfolio with the purchase of a Bishops Stortford dealership from Regent Automotive.
Hammonds Group has represented Land Rover in Halesworth for 23 years, part of a portfolio of businesses, including five other brands, which has been trading for over 50 years.
Marshall, rated 11 in the Motor Trader Top 200, has represented Land Rover for 40 years and its territory now covers most of the East of England from the M1 to the coast, with dealerships in Lincoln, Melton Mowbray, Peterborough, Bedford, Cambridge and now Halesworth.