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Regulatory press release

Anders Hedin Invest AB: Hedin Automotive, part of the Hedin Group, has taken over the operation of the BMW-owned dealer Zurich-Dielsdorf

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Gothenburg, October 30, 2020

Upon the acquisition, the BMW owner Zürich-Dielsdorf changes its name to Hedin Automotive Dielsdorf.

In September, Hedin Automotive AS signed an agreement with BMW Group Switzerland to purchase BMW Niederlassung Zürich-Dielsdorf. The company is now taking over the business and at the same time changing the company's name to Hedin Automotive Dielsdorf.

The acquisition is an important milestone in Hedin Automotive's strong growth ambitions and is based on the company's existing and solid alliance with BMW.

- When we now take over the business in Dielsdorf, it strengthens our position with BMW in Europe. We look forward to the acquisition and our new colleagues in Dielsdorf. We are now positioning ourselves for further growth and success in Switzerland, says Anders Hedin, owner and CEO of Hedin Group.

Marcus Larsson has taken over as country manager for Hedin Automotive in Switzerland. With his varied and solid background from the car industry, Larsson will focus on the important task of integrating the new dealers and designing the organization.

- We will continue to create unique customer experiences for new and existing BMW and MINI owners in the Zurich region. Behind the new Hedin Automotive name is the same dedicated, professional team, says Larsson.

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