Manheim has acquired Lanarkshire-based Shotts Motor Auctions. The family-run business has been bought by Manheim for an undisclosed sum.
Shotts is based between Edinburgh and Glasgow, operating from a 10-acre site with two auction lanes and undercover storage for up to 250 vehicles. The business, which was established in 1989, has built up an excellent reputation for service levels and performance, especially within the corporate sector.
The management team and colleagues will be transferred to become Manheim employees under TUPE regulations. As part of the deal, Shotts’ managing director, Ian Irvine, has been appointed regional director for Manheim Scotland. In his new role, he is responsible for business development and service delivery across both the former Shotts site, as well as the existing Manheim site in Glasgow.
Michael Buxton, chief operating officer of Manheim UK, said: “We have for some months been exploring ways we can better serve our vendor and buyer customers north of the border. We’re absolutely delighted to have acquired Shotts, which will significantly build our total offering in Scotland."
“The skills, knowledge and expertise of the Shotts people are second-to-none and we wanted to retain that talent as a key element of the acquisition process. After some weeks of inevitable uncertainty, we’re pleased to have confirmed this deal which is good news for the motor trade in Scotland.”