MotorCycle Holdings (ASX:MTO) drives acquisitions over the line

Company News

by Katrina Bullock

Australia’s largest motorcycle dealership operator, MotorCycle Holdings (ASX:MTO), has expanded its Australian footprint by completing its acquisitions of Canberra MotorCycle Centre and Melbourne Northside Harley-Davidson.

Canberra Motorcycle Centre has an annual turnover of approximately $22 million (2019), employs 44 staff and sells around 1300 new and used motorcycles per annum.

Northside Harley-Davidson has an annual turnover of approximately $9 million (2019), employs 14 staff and sells around 200 new and used motorcycles per annum.

The company expects both acquisitions to be earnings accretive in the 2019 to 2020 financial year.

Shares in MotorCycle Holdings (ASX:MTO) closed flat at $2.32 yesterday.

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.