Isuzu Truck in UK sold to Isuzu Japan

Isuzu Motors Limited Japan has acquired the total shareholding in Isuzu Truck UK Limited (ITUK) for an undisclosed sum. ITUK can draw on a network of 60 dealers strategically located throughout England, Scotland and Wales.

“This is the ideal time for us to sell the company shareholding to Isuzu. I wanted to secure the future of the company and the business is in great shape, we’ve just celebrated a stunning year’s performance. However, it seems logical that ITUK should join its natural family and be given the tools to grow even more,” said Nikki King OBE, CEO of ITUK.

According to ITUK, King will stay on as Managing Director until August this year to oversee the handover and it is planned she will have some involvement in a non-executive capacity post retirement.

Isuzu’s Masayuki Murata will become chairman of the company and will divide his time between the UK and Belgium where he retains his role as chairman of Isuzu Europe.

“This has been a very exciting acquisition for Isuzu. This is only the second wholly-owned distributor that Isuzu has acquired. The first was Isuzu Australia, a highly successful company that has enjoyed market leadership for 24 years,” Murata said.

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