EDMONTON, AB, Sept. 13, 2021 /CNW/ - AutoCanada Inc.
("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North
American automobile dealership group, announced that it has
acquired Autolux MB Collison
("Autolux"), a luxury-brand focused collision centre located in
Montreal, Quebec.
Autolux has been in operation for over 30 years and is a
certified Mercedes-Benz collision centre. The business
operates out of a facility with more than 15 production bays and is
strategically located in close proximity to four of AutoCanada's
dealerships: Mercedes-Benz Rive-Sud, BMW Mini Montreal Centre, BMW
Mini Laval and Planete Mazda. The acquisition represents a
continuation of the Company's strategy to develop its national
collision centre network to match AutoCanada's dealership
network.
"The addition of this high-quality collision centre is another
step towards our goal of filling out our national collision centre
footprint," said Executive Chairman, Paul
Antony. "We strongly believe in supporting our customers and
OEM partners through the entire vehicle ownership lifecycle –
including collision repair. Increasing vehicle complexity puts a
further emphasis on fixing vehicles the right way – using parts and
procedures prescribed by the OEM."
About AutoCanada
AutoCanada is a leading North American multi-location automobile
dealership group currently operating 66 franchised dealerships,
comprised of 27 brands, in eight provinces in Canada as well as a group in Illinois, USA. AutoCanada currently sells
Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC,
Buick, Cadillac, Ford, Infiniti,
Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda,
Mercedes-Benz, BMW, MINI, Volvo, Toyota, Lincoln, Honda and Porsche branded vehicles.
Additionally, the Company's Canadian operations segment currently
operates one used vehicle dealership supporting the Used Digital
Retail Division, and two stand-alone collision centres (within our
group of 17 collision centres). In 2020, our dealerships sold
approximately 66,000 vehicles and processed over 756,000 service
and collision repair orders in our 1,098 service bays generating
revenue in excess of $3 billion.
Additional information about AutoCanada Inc. is available at
www.sedar.com and the Company's website at www.autocan.ca.
SOURCE AutoCanada Inc.