Motor retailer acquires Ilkley garage

HARROGATE-BASED Nidd Vale Group has acquired Glovers Garages in Ilkley for an undisclosed sum.

The acquisition is in line with the Group's strategy to grow through acquisition following its MBO in September last year.

Glovers Garages has a long trading history and has been part of the Ilkley community for more than 50 years.

The well-established business has the Peugeot franchise for the area with annual sales of around £8m.

The acquisition will take combined turnover of the enlarged Group to more than £80m. The Group currently operates four franchises from its Harrogate and Wetherby locations.

Nigel Pullan, Nidd Vale's chief executive, said: “The acquisition of Glovers is a great opportunity for Nidd Vale as it not only gives us another franchise, but also representation in another town, where it is the only franchised dealer.”

Glovers, which will be rebranded Nidd Vale, is an excellent strategic fit, he added.