Waselius & Wist secured merger control approval by the European Commission for the acquisition by Hedin Automotive Oy, a subsidiary of Hedin Mobility Group AB (publ), of all shares in Delta Auto Oy as well as the operative business of Delta Motor Group Oy. The transaction was approved without conditions in Phase 1.
Through the acquisition, Hedin Automotive continues its growth strategy in Finland and expands its presence to a truly nationwide dealer network from Helsinki to Oulu. Delta Auto represents nine brands of which Alfa Romeo, Fiat, Jeep, Kia, Maxus and Mitsubishi are now added to Hedin Automotive’s portfolio in Finland for the first time. Employing 315 people across 13 dealerships in 12 cities, Delta Auto sells approx. 13,000 cars annually, with revenues of MEUR 322 in 2022.
Hedin Automotive Oy is part of the Hedin Mobility Group headquartered in Sweden. Hedin Mobility Group is one of Europe’s largest privately owned companies in the automotive sector. Hedin Automotive Oy’s subsidiaries Hedin Automotive Finland Oy and Bavaria Finland Oy sell approximately 25,000 vehicles and execute more than 200,000 throughputs in aftersales annually. In addition to the brands added through the Delta acquisition, Hedin Automotive represents the following car brands in Finland: BMW, Ford, INEOS Grenadier, Mazda, MINI, Nissan, Opel, ŠKODA and Subaru.