Cazoo announces major acquisition
Online car retailer Cazoo has acquired Imperial Car Supermarkets, one of the largest independent used car retailers in the UK.
Imperial Car Supermarkets has 18 retail sites across the UK, offering over 2,500 nearly new and used cars for sale and supported by a number of service, preparation and support centres.
The deal provides Cazoo with a national network of storage, distribution, after sales and collection hubs. This comes after Cazoo raised a further £25m of funding in recent months.
Alex Chesterman OBE, founder and CEO of Cazoo, said: “The acquisition of Imperial Car Supermarkets will enable Cazoo to better serve its customers and fulfil our increasing number of deliveries throughout the UK. This deal provides us with key infrastructure as well as a wealth of automotive expertise which will help accelerate our growth.”
Neil Smith, operations director of Imperial Cars, added: “Alex and his team at Cazoo have a very clear vision and we’re looking forward to Imperial being part of that story.”
