ANOTHER Oxford motor dealership has been snapped up by the acquisition-hungry Ridgeway Group.
The vehicle retailer has bought the Cumnor Hill Jaguar garage from the Sytner Group for an undisclosed sum.
All 50 staff, including those on the Select used-car sales side of the business, have transferred to the new owner.
The move follows hot in the tracks of Ridgeway’s acquisition of the nearby Land Rover dealership from Hartwell, which saw 33 staff transferring to the new owner.
Ridgeway chief executive John O’Hanlon said: “The addition of Jaguar to our portfolio further strengthens the Ridgeway Group’s recent relationship with Jaguar Land Rover and serves as a platform for future growth.”
Ridgeway, one of the UK’s 20 largest motor retailers, now has a turnover of £550m and a staff headcount of more than 550.
Ridgeway has grown significantly since it set up a Volkswagen dealership in Wantage in 1997. Since then, it has bought several individual dealers in Oxford and Reading before acquiring the Pentagon Group in 2006, giving it a network across southern England.
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