Dubai-based franchise car retailer AW Rostamani Group has expanded its presence in the UK with the acquisition of nine West Way car retail locations from Nissan Motors GB.
The acquisition by the shareholder of Brayleys Cars follows the Japanese supplier’s decision to divest its 13 AM100 car retail sites in July this year, with the remaining sites going to Glyn Hopkin and Hendy Group.
AW Rostamani Group has now acquired its Midlands and North sites, including Birmingham, Wolverhampton, Rochdale, Stockport, Altrincham, Coventry, Stourbridge, Oldham and Manchester, as well as group headquarters and support functions.
Nissan said the transaction was completed in late October, with existing employees transferring to the new investors.
Nissan Motor GB Managing Director Andrew Humberstone, who was interviewed for an AM Manufacturer Profile feature earlier this year, said: “AW Rostamani Group is a very successful global partner who has worked extensively with Nissan on many other markets, so we are delighted to be welcoming them here in the UK and supporting their plans for continued growth.
“It’s also the perfect time to join Nissan, thanks to a wide variety of new model launches, including the new X-Trail and the award-winning Ariya and Qashqai, as well as hybrid and electric powertrains, unique technologies like e-POWER, and across the passenger car and light commercial vehicle sectors.
“We look forward to a strong and successful partnership with AWR in the years to come.”
Nissan Motors GB was advised by leading automotive consultancy experts at UHY Hacker Young, including David Kendrick, Paul Daly and Ian McMahon.
Last month, AM reported on MHA reports that overseas investors were eyeing the UK car retail sector for acquisitions following a weaker pound.
Nissan today described the AW Rostamani Group as a global family business with divisions spanning automotive, logistics, real estate, travel, lifestyle, lighting and investment.
Founded in 1968, its automotive division, Arabian Automobiles, has been the exclusive distributor for Nissan and its alliance partners Infiniti and Renault in Dubai and the Northern Emirates.
Group Chairman Khalid Al Rostamani said, “We are very pleased with the partnership between AWR Group and West Way Nissan, which is part of our ongoing strategy to expand our portfolio in the UK.
“As a Nissan partner for many years with a strong, long-standing relationship, we are very pleased to work together to bring our shared expertise and core values to the UK market.”
West Way Managing Director Jon Roberts said: “We are delighted to be able to share news of the acquisition of West Way by such an important global partner as AW Rostamani Group.
“Not only is this partnership perfectly suited to the culture of both companies sharing many core values, but it also allows the West Way Group to build on its success over the past few years by forming a significant part of the group’s presence. AW Rostamani in the UK.”
Nissan’s sale of its remaining West Way sites to a single overseas investor comes after some long-time franchisees angered with the implementation of its new “ideal network plan”.
Under the plan, Nissan will reduce its UK representation from 166 to 140 sales sites and around 180 service centres.
A franchisee has accused the OEM of attempting a ‘cloak and dagger’ restructuring, however, after it became one of several companies to be told to leave the network.