Lookers will make a further investment in its dealership network by purchasing Jennings Motor Group.

Jennings, the North East based franchised dealer group, is a respected and well-established name across the region. Whilst Ford is their key brand partner, they also represent Kia, Seat and Mazda.

The acquisition reinforces Lookers’ position as one of the largest motor retailers in the UK. It strengthens their position in the region, following the purchase of Benfield with 30 locations almost 3 years ago, and displays their confidence in the UK automotive market.

Lookers Chief Executive Andy Bruce said: “The acquisition of Jennings is a perfect fit for Lookers. Its aligned to our business model of operating the right brands in the right locations. We are delighted to expand our key partnership with Ford of Britain, the market leading brand in the UK. Geographically the Jennings acquisition joins together our existing Ford market areas in Sunderland and Yorkshire.

“There is a strong cultural alignment between the two companies. Both place the customer at the heart of the business, offering excellence in customer service and attracting the best people in the industry.

“I would like to welcome all of the great people in Jennings into the Lookers group. We’re proud to have acquired this highly respected business and aim to help accelerate its growth under our ownership.”

Lookers aims to be a major consolidator in what remains a highly fragmented market.  The acquisition of Jennings represents an important development for the group, whilst continuing to concentrate on operational excellence and growth.

Dr Nas Khan OBE, Chairman of Jennings said: “The sale represents the next stage in the evolution of the company.  Just over 100 years ago, it one of the first companies in the country appointed by Ford to sell its cars. Our employees, past and present, and our customers have made the business what it is. I am proud to hand over the business in such good shape to Lookers, for them to continue with the standards of customer service and care which typifies the Jennings brand.”