Vertu Motors Plc (AIM:VTU) acquired Dobies (Carlisle) Limited from Dobies for £4.3 million on January 7, 2013. The consideration will be settled in cash from the existing resources of Vertu Motors. For the year ended December 31, 2012, the management accounts of the acquired businesses reported a turnover of £10.7 million and an operating loss of £0.1 million. Hugh Morgan, Callum Stewart and Adam Pollock of Panmure Gordon (UK) Limited and Peter Tracey and Jamie Richards of Espirito Santo Investment Bank acted as financial advisors and Josephine Corbett of FTI Consulting acted as public relations advisor to Vertu in the transaction.

Vertu Motors Plc (AIM:VTU) completed the acquisition of Dobies (Carlisle) Limited from Dobies on January 7, 2013.