After an ongoing dialogue between the two sides, an agreement has been signed, meaning that in the autumn 2022, Terminalen will take over the activities in Autonorden A/S, once Danish the competition authorities have approved the deal.
Autonorden is an authorized dealer of Nissan, Fiat and Maxus on Amager, from where both new and used cars are traded, authorized service and body work is done. The company currently employs about 32 people.
Terminalen has reached an agreement with the current owner of Autonorden – Kasper M. Norden – that after the takeover, he will continue in a position as Branch Director with Terminalen Amager. Terminalen Amager will be the seventh branch of the dealer chain, which was founded by Nic. Christiansen Group in year 2000.
“We are very happy to welcome another business in Terminalen. Autonorden A/S is a well-driven company with competent management and skilled employees, whom we look forward to making a part of Nic. Christiansen Group. The location on Amager is of great significance to our strategic focus on the metropole areas in Denmark, where we, as far as the opportunities of further consolidation occurs, are open to increase our presence,” says Mads Iversen, CEO of Terminalen A/S.
“In a market with increasing competition from big players, I am happy to future-proof my business by letting it – and myself – step into the Nic. Christiansen Group. My employees and I look forward to becoming part of the family,” says Kasper M. Norden, current owner of Autonorden A/S and future Branch Director of Terminalen Amager
The composition of brands in Terminalen Amager is considered along with the takeover. Initially, Hyundai will be added to the portfolio.
With the addition of Terminalen Amager, Nic. Christiansen Group increases its presence in the Danish capital area. The acquisition is a part of the group’s metropole coverage strategy which increases the groups footprint around the larger cities of the Nordic markets.
For further information, contact Mads Iversen, +45 2463 0950.