The Netherlands’ Van Mossel Automotive Group has acquired Germany’s Hugo Pfohe in its first major expansion outside the Benelux region. Hugo Pfohe is one of north Germany’s largest retail groups, with seven brands and a €300m (£261m) turnover.
Van Mossel CEO Eric Berkhof said the acquisition “fits perfectly into our European growth strategy”.
The retail group is the largest in the Netherlands. It has a turnover of €4.5bn and has almost 350 branches in the Netherlands, Belgium, Germany, France and Luxemburg.