Bilia — M&A Activity 2017

Oct 9, 2017

Bilia has concluded an agreement to acquire Bilsalongen AS, a BMW and MINI dealer in Norway. The operation is housed in a facility in Skien and includes sales of BMW and MINI cars plus service. The planned date of possession is 1 January 2018. Bilsalongen's turnover in 2016 amounted to about SEK 340 M, with an operating margin of 2.3 per cent. The number of employees was 30. Bilsalongen's capital employed, plus agreed-on surplus values, amounts to about SEK 55 M.

Per Avander, Bilia's Managing Director and CEO, comments:

"It is very gratifying for Bilia to be able to grow with BMW in Norway while also bringing MINI into our Norwegian operation. Bilsalongen AS's operation is well-run and offers opportunities for further development and synergies with the rest of Bilia's BMW business in Norway."

Gothenburg, 9 October 2017

Bilia AB (publ)

For further information, please contact Per Avander, CEO, or Kristina Franzén, CFO, Bilia AB, tel. +46 (0)10 31 497 70 00.

This information is information which Bilia AB (publ) is obliged to make public in accordance with the EU's Market Abuse Regulation. The information was submitted, through the offices of the above contact persons, for publication on 9 October 2017, at 19:00 p.m. CET.

Bilia offers car sales, service and supplementary services and is one of Europe's largest car chains with operations in Sweden, Norway, Germany, Luxembourg and Belgium. Bilia reported a turnover of SEK 23.9 bn in 2016 and had 4,327 employees.

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