Penske Automotive Acquires Hyundai and Genesis Dealerships to Expand in Indianapolis.
MANews-(C)2009-2022
Michigan, US-based transportation services company Penske Automotive Group, Inc. (NYSE: PAG) has acquired Terry Lee Hyundai and Genesis of Noblesville, Indiana, increasing the company's presence in Indianapolis, Indiana, the company said.
Terms of the transaction were not disclosed.
The acquisition is expected to generate annualised revenue of USD 80m. The addition of the Hyundai and Genesis dealerships brings total expected acquired annualised revenue in 2022 to approximately USD 745m.
Penske is adding the Hyundai and Genesis brands to its existing Honda and...
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