Inchcape buys Icelandic auto distributor Askja

(Sharecast News) - Inchcape has agreed to acquire Icelandic automotive distributor Askja for an undisclosed sum. Askja generated revenue of £150m in fiscal 2024 and employs 260 people. During FY 2024, Iceland's total industry volume for new passenger cars and light commercial vehicles was around 12,000units, of which Askja holds a 16% market share, Inchcape said on Tuesday.

Reporting by Frank Prenesti for Sharecast.com