Sytner Group, the U.K. subsidiary of international transportation services company Penske Automotive Group, has acquired three BMW MINI dealerships and a collision center in the U.K., according to a Friday (April 1) press release.
The dealerships, which are located in South East England, north of London, add to Sytner’s existing inventory of 32 BMW MINI franchises across the U.K.
“The acquisition of these dealerships enhances our position as the largest retail partner for the BMW and MINI brands in the U.K. and provides an opportunity for our business to build additional scale in this important market,” Sytner Group CEO Darren Edwards said in the press release.
Sytner’s acquisition is expected to generate $250 million in annualized revenues for Penske Automotive Group, according to the release. It was funded using existing capacity under the company’s U.K.-based credit agreement.
Penske Automotive Group has added about $550 million in annualized revenue through acquisitions and open points so far in 2022, per the press release.
Related: Penske Truck Rental Debuts Consumer App
In July, Penske Truck Rental launched a new mobile app through the App Store and Google Play Store to streamline the experience for renters with “flexibility, expert advice, moving tips, greener moving options and a network of supplies and services.”
The app features the ability to find the closest Penske locations using an interactive map, getting a quote and managing a reservation digitally and accessing how-to videos with moving tips and loading guides and safety protocols for other references as well as 24/7 roadside assistance.
Also read: Automakers Help Commercial Fleets Leverage Data to Boost Productivity
In other recent transportation news, commercial fleets from the Stellantis brands, including Ram, Dodge, Jeep and Chrysler, will be equipped with embedded telematics that will show the vehicle’s location, how the vehicle is being driven and when it’s due for maintenance later this year.
Stellantis connected data company Free2Move and connected transportation platform Geotab teamed up to make the embedded telematics capabilities possible.
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