Zuber Issa鈥檚 petrol forecourts business EG On The Move has completed the acquisition of almost 100 sites from service station operator Applegreens 鈥 and vowed to grow into a 鈥渞etail powerhouse鈥.
Blackburn-based EG On The Move has completed a deal for the Applegreen 海角视频 network comprising 98 sites with around 40 foodservice concessions.
The acquisition means EG On The Move will have 151 petrol forecourt stations and another 209 foodservice concessions. The group said: 鈥淭ogether, the integrated network will create a retail powerhouse in the independent petrol forecourt sector, offering customers an unparalleled combination of choice and convenience鈥.
EG On The Move has also acquired the Applegreen fuel card business. The group says it will also continue investing in its EV charging network.
As part of this transaction, EG On The Move have also acquired the Applegreen fuel card business and this will further enable the business to strengthens its position in providing tailored fuel solutions to commercial and fleet customers whilst leveraging the synergies of its existing network as well.
The 1,142 staff members working at the 98 Applegreens sites will transfer to EG On The Move, meaning the combined group will have some 4,500 staff.
Zuber Issa, CEO, EG On The Move said 鈥淲e look forward to integrating the Applegreen 海角视频 business into EG On The Move. This acquisition is a natural fit, and enables EG On The Move to continue to redefine convenience retail and mobility for our customers, with a strong focus on quality, innovation, and sustainability.鈥
He added: 鈥淐ustomers and stakeholders can expect a seamless transition. Updates on site facilities, retail initiatives, and brand partnerships will be shared in the coming months. Our network is poised to deliver enhanced customer experiences that reflect the growing welfare and retail demands of those who travel for work, social reasons or live in the surrounding area.鈥
John Diviney, COO Applegreen Europe and CEO at Welcome Break said: 鈥淔ollowing completion of this transaction, Applegreen remains committed to the 海角视频 market through our majority stake in Motorway Services Area (MSA) operator Welcome Break, and our growing EV charging business. Welcome Break employs more than 6,000 people throughout the 海角视频, where it operates 59 sites, including 34 MSAs, and 31 hotels.鈥
鈥淲e have a strong pipeline of new MSAs to develop, and recently opened our new 拢55 million state-of-the-art location at Junction 33 of the M1 at Rotherham.鈥
EG On The Move were advised by Cleary Gottlieb, Freeths, Rabobank, PWC, Alvarez & Marsal.
Zuber Issa last year which he had led with his brother Mohsin.
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