Hurst car group buys Audi dealership for estimated £16m
A Belfast-based car group has announced the purchase of an Audi franchise in Dublin.
Charles Hurst, which is part of UK plc Lookers, said all 25 jobs in Dublin would be retained and plans were being made for the development of the centre and recruitment of new staff.
It is thought Charles Hurst paid around £16m for the dealership, although the amount was not revealed when the deal was announced yesterday.
Audi Centre operates in two sites in Dublin in Ballsbridge, Dublin 4, and a new aftersales centre in Sandyford, close to the M50 motorway.
Charles Hurst was established in Belfast around 100 years ago. Its brands include Maserati, Bentley and Aston Martin.
Charles Hurst chairman Ken Surgenor said: "This is a highly strategic acquisition for Charles Hurst and we are delighted to be expanding our business in Ireland. We will be investing significantly to build on an already successful operation and working with Audi Ireland to ensure we are ready for growth as the economy continues its recovery."
The business will continue to trade as Audi Centre, operating within the Charles Hurst brand.
News of the deal comes as Lookers posted record half-year figures after a surge in demand for spare parts lifted profits 29%.
Group profits rose to £22.7m, up 29% from £17.6m last year.