Subaru and Isuzu importer International Motors Group is set to take over Mitsubishi Motors’ aftersales business in the autumn.
Mitsubishi is to stop selling cars later this year following the brand’s surprise announcement last year it was pulling out of the UK European markets.
A due diligence process is currently well underway and IM Group says the acquisition would maintain the Mitsubishi Motors dealer network “well into the future” and will provide longer-term security and opportunity for as many of its staff as possible.
Andrew Edmiston, managing director at IM Group, said: “We are widely recognised for our customer service and we are confident that we will be able to offer the high quality of service Mitsubishi customers are accustomed to.
“We have a long-standing relationship with Mitsubishi Corporation and a good track record of representing Japanese brands in the UK market.
“This fits perfectly with our long-term strategy to expand our automotive business.”
IM Group says the acquisition would represent an opportunity to grow its parts and accessories operation and to engage with a broader customer base for whom the Subaru and Isuzu ranges should be a perfect fit.
Rob Lindley, managing director of Colt Car Company, said: “There is an excellent fit between the Mitsubishi Motors brand and International Motors.
“I feel very confident that IM Group will be an outstanding long-term partner to our Mitsubishi dealers.
“Once the due diligence process has been completed, the team at Colt Car Company will work hard to ensure the transition is a success, thereby ensuring the best possible outcome for our employees, dealers and customers.
The commercial details of the arrangement will remain confidential at this time.