Lithia & Driveway to acquire Pinewood Technologies' Pendragon UK motor divisions

Line of Cars

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Lithia & Driveway (NYSE:LAD) partners with Pinewood Technologies and will acquire Pendragon’s UK motor and fleet management divisions, making it the UK’s third-largest automotive dealership group.

The acquisition of Pendragon Vehicle Management adds a highly profitable fleet management services business to Lithia (LAD


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