WMC's Higer rights acquired

Higer bus distribution rights to be acquired from White Motor Corporation (WMC)

Automotive Holdings Group (AHG) is in negotiations to acquire the distribution rights for Higer buses in Australia off current distributor WMC.

WMC was placed into voluntary administration on October 2.

AHG is an automotive retailing and logistics group with operations in every Australian mainland state and in New Zealand.

"AHG has had an association with Higer as an import partner to WMC and, with a number of new products being brought to market, we see significant growth potential in the brand," AHG managing director Bronte Howson says

"Higer produces a range of quality buses that are suitable for the local market as we build the brand’s reputation and sales.

"That outcome will also benefit existing and future customers of Higer in Australia."

The official insolvency register notice for WMC Bus and JAC Motors appeared on the Australian Securities and Investments Commission (ASIC) website earlier this month.

WMC chief executive Neil Bamford would not comment on specifics, but did confirm the company entered into voluntary administration and is now going through an acquisition process.

AHG is Australia's largest automotive retailer, with dealerships in Western Australia, New South Wales, Queensland and Victoria and entered exclusive negotiations to acquire the business from the administrator following a meeting of creditors in Sydney this week.

The acquisition is still subject to original equipment manufacturer approval and formal contracts being concluded.

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