Cambria Automobiles plc, who trade as Motorparks, Dees, Grange, Doves and Invicta have acquired the trade and assets of Stratstone Jaguar and Land Rover Woodford in South Woodford, North London from Pendragon Premier Limited, a subsidiary of Pendragon PLC.
The business has great potential for the Jaguar and Land Rover franchises and complements the Group's existing Jaguar and Land Rover footprint. The Group now operates 5 Jaguar and 4 Land Rover dealerships under the Grange trading name.
Talking about the deal, Mark Lavery, Chief Executive Officer of Cambria, said, “We are pleased to have acquired this Jaguar and Land Rover franchise in North London, which complements and enhances the Group’s existing Jaguar Land Rover businesses. The acquisition represents continued delivery of the strategy to develop our portfolio of premium and high luxury franchises in strategic locations by acquiring businesses that are earnings enhancing. The Board believes that the South Woodford territory provides significant potential and we are keen to maximise the opportunity as we build and relocate to a new dealership facility.”