Lithia pendragon

Alliance News - Pendragon Lithia pendragon on Thursday said that it had completed the sale of its dealership and leasing business to Lithia Motors Inc, lithia pendragon, marking the beginning of its transformation into Pinewood Technologies. Pendragon is a Nottingham, England-based automotive dealer. The sale involved an aggregate consideration of GBP million, alongside a subscription by Lithia for The new shares were admitted to the main market of the London Stock Exchange on Thursday morning.

We have more newsletters. Further announcements will be made by the company on the progress of the transaction in due course. Pendragon has franchises and 12 used cars dealerships as well as its dealer management software arm, which would become its main business if it sold off its forecourts. By Tom Pegden Leicester Mercury business editor. Subscribe Please enter a valid email Something went wrong, please try again later. More Newsletters. This may include adverts from us and third parties based on our knowledge of you.

Lithia pendragon

Alliance News - Pendragon PLC on Thursday said the Financial Conduct Authority approved a change of control of the firm's finance and insurance services arm, a step on the way to the disposal of its wider UK motor business to Lithia Motors. Pendragon said the approval means the sale of its UK motor business to Lithia will be completed on January The board strongly believes that the growth prospects for the company will be enhanced materially as a result of becoming a standalone business, as well as through the strategic partnership with Lithia," Pendragon said. It intends to return In September, the Nottingham, England-based automotive dealer Pendragon received an unsolicited proposal from AutoNation to acquire the company for 32 pence per share in cash. As part of the deal, Lithia will rollout Pinewood in its existing 50 UK sites. As strategic pact between the duo will see Pinewood enter the North American market. MarketScreener is also available in this country: United States. Add to a list Add to a list. To use this feature you must be a member. Market Closed - London S.

Headline-grabbing tax cuts but more could have been done for firms - West Midlands business leaders react to lithia pendragon Spring Budget.

US dealer group Lithia has completed its purchase of Pendragon, parent company of the Evans Halshaw and Stratstone brands. Haymarket Media Group, publishers of Autocar Business, takes your privacy seriously. Our Automotive B2B brands and partners would like to keep you updated by email, phone and SMS with information and opportunities relevant to your work. Click here if you do not wish to receive these messages. Not Registered for Autocar Business, Create an account. Forgotten your password?

Alliance News - Pendragon PLC on Thursday said that it had completed the sale of its dealership and leasing business to Lithia Motors Inc, marking the beginning of its transformation into Pinewood Technologies. Pendragon is a Nottingham, England-based automotive dealer. The sale involved an aggregate consideration of GBP million, alongside a subscription by Lithia for The new shares were admitted to the main market of the London Stock Exchange on Thursday morning. Pendragon said: "Today marks the beginning of the transformation of Pendragon into Pinewood Technologies, a pure-play software-as-a-service business, which operates the company's dealer management software business. The company said that the partnership will "accelerate Pinewood's entry into the highly attractive North American dealer management software market", and that this entry would be "underpinned" by the GBP30 million subscription.

Lithia pendragon

US dealer group Lithia has completed its purchase of Pendragon, parent company of the Evans Halshaw and Stratstone brands. Haymarket Media Group, publishers of Autocar Business, takes your privacy seriously. Our Automotive B2B brands and partners would like to keep you updated by email, phone and SMS with information and opportunities relevant to your work. Click here if you do not wish to receive these messages. Not Registered for Autocar Business, Create an account. Forgotten your password? Reset Password. Login to Autocar Business.

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Analysts' Consensus. BIST Click here if you do not wish to receive these messages. No account? We have more newsletters. This may include adverts from us and third parties based on our knowledge of you. FTSE Latest Reviews. Sign up to Autocar Business. MarketScreener is also available in this country: United States. All Rights Reserved. Alliance News - Pendragon PLC on Thursday said that it had completed the sale of its dealership and leasing business to Lithia Motors Inc, marking the beginning of its transformation into Pinewood Technologies.

LAD's UK operations will expand their digital capabilities by integrating the Pinewood technology platform across all locations and will co-develop automotive technology solutions to capitalise on the North American market opportunity through a joint venture. Pinewood's dealer management software remains listed on the London Stock Exchange under the name Pinewood Technologies plc and will become a pure-play software-as-a-service SaaS business. LAD's acquisition of Pendragon Vehicle Management "PVM" adds a highly profitable fleet management services business, and the UK motors business expands the brand and geographic footprint rounding out the reach and density of the network in the UK market.

Show Me No thanks, close. As part of the deal, Lithia will rollout Pinewood in its existing 50 UK sites. FCA refocuses WealthTek investigation on suspected criminal offences. Chamber of Commerce. Our Automotive B2B brands and partners would like to keep you updated by email, phone and SMS with information and opportunities relevant to your work. Trading Rating. Alliance News - Pendragon PLC on Thursday said that it had completed the sale of its dealership and leasing business to Lithia Motors Inc, marking the beginning of its transformation into Pinewood Technologies. In September, the Nottingham, England-based automotive dealer Pendragon received an unsolicited proposal from AutoNation to acquire the company for 32 pence per share in cash. Privacy Notice. Add to a list Add to a list. Retailer takes on new warehouse at Bournemouth Airport's business park. Get started. Oryx International Growth notes bids for its holdings. People on the move: key North East appointments and promotions. Economic Development.