Marshall Motor Group has acquired four ŠKODA dealerships in Bedford, Northampton, Letchworth and Harlow from Progress Bedford Limited.
This acquisition has made Marshall the UK’s largest ŠKODA retailer, with a total of 11 locations.
Daksh Gupta, chief executive of Marshall, said: “These acquisitions are an exciting milestone for Marshall. The acquired businesses have good potential for growth and improvement in their operating performance as part of a scaled and focused division.
“We believe it is the right time to grow our portfolio with ŠKODA and these acquisitions demonstrate our commitment to our stated strategy to grow with existing brand partners in new geographic territories.
“We are very proud to represent the ŠKODA brand and wish to thank the ŠKODA UK management team for their support over the years and we look forward to building on our excellent relationship.
“I would like to welcome all colleagues of the acquired businesses to Marshall.”
In 2018, ŠKODA saw 74,512 registrations, which represented a UK market share of 3.2%. It has seen a 13% growth in the last 5 years.
Rod McLeod, director of ŠKODA UK said: “Marshall is a well-respected and established vehicle dealership group. These acquisitions will see Marshall become our largest retail investor and I am very pleased that together we will continue to expand our offer of class-leading products to customers across the UK.
“ŠKODA continues to go from strength to strength. With the arrival of new models and the brand’s first electric vehicles just around the corner, this is a key time for Marshall to further invest in ŠKODA.”