Squire Patton Boggs has advised Hedin Automotive Netherlands, a part of Hedin Mobility Group, on an agreement to acquire the BMW and MINI dealer Dubbelsteyn, near Rotterdam. The acquisition comprises all of the BMW and MINI dealership activities including sales, after-sales services and spare parts sales. The transaction is subject to regulatory approval.
Corporate partner Jeroen Sombezki and and senior associate Vivan IJzerman in Amsterdam advised Hedin.
Hedin Mobility Group is one of Europe's largest mobility providers, with more than 12,500 employees and operations in 14 countries. In 2023, net sales amounted to SEK 81.7 billion (approx. €7.1 billion) and the Group sold more than 218,000 vehicles.
Following the acquisition of BMW dealer group Renova in 2023, Hedin Automotive Netherlands is further expanding its network and range of BMW and MINI from five to seven branches. The acquisition is carried out by Hedin Cars B.V., a subsidiary of Hedin Automotive B.V., and includes Dubbelsteyn’s two dealerships in Dordrecht and Numansdorp. Post acquisition, Hedin Mobility Group will represent the BMW and MINI brands at 62 locations in five countries.