Inchcape has agreed to acquire Icelandic automotive distributor Askja for an undisclosed sum.
Source: Sharecast
Askja generated revenue of £150m in fiscal 2024 and employs 260 people. During FY 2024, Iceland's total industry volume for new passenger cars and light commercial vehicles was around 12,000units, of which Askja holds a 16% market share, Inchcape said on Tuesday.
Reporting by Frank Prenesti for Sharecast.com
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