Hedin Mobility Group acquires the Toyota and Lexus dealership “Klaasen & Co”

Hedin Automotive Belgium, a subsidiary of Hedin Mobility Group AB (publ), is announcing the acquisition of the Toyota and Lexus dealership “Klaasen & Co”, located in Turnhout, Belgium.

With this acquisition, Hedin Automotive Belgium will strengthen its presence in the market, and it is an honor to represent the Toyota brand and also for the first time in the groups history, represent the iconic Lexus brand.

"We are excited to grow our scale in Belgium, and to expand our presence and partnership in this important European market with the two very renowned brands, Toyota and Lexus," said Anders Hedin, owner and CEO of Hedin Mobility Group AB (publ).

Hedin Automotive Belgium will focus on growing both brands and its customer base in the Belgian market. Brand dedication will be key and Hedin Automotive strongly believes in the future vision of Toyota and Lexus and sees them as the perfect complement to its existing footprint.

About Hedin Mobility Group

Hedin Mobility Group is one of Europe's largest privately owned car dealers. The Group's portfolio includes over 30 car brands and the company provides full service for both private and corporate customers. The business is represented in more than 140 locations in Sweden, Norway, Belgium, Switzerland and Germany.

The portfolio also includes the general distribution of Ford and MG in Sweden, Dodge and RAM in Europe, wholesale operations of tires and spare parts, the car rental company Mabi Mobility AB, the private leasing company Car to Go Sweden AB, the corporate leasing company Unifleet AB and co-ownership in Pendragon PLC and iMove AS.

Hedin Mobility Group is part of the Hedin Group together with Tuve Bygg AB and I.A. Hedin Fastighet AB. Hedin Group is also a partner in Consensus Asset Management and Ripam Invest AB, which owns Marstrands Kurhotell, Kurbadhus and Societetshus. www.hedingroup.com

Hedin Mobility Group acquires the Toyota and Lexus dealership Klaasen Co.pdf