• Invests in Grand Motors Group's multi-brand dealerships in Gold Coast and Sydney
• Acquires Audi Centre Melbourne and Audi Richmond from Zagame Automotive Group
• Strategic investment in CanadaOne Auto progressing well, expected to complete in Q2 2026

Eagers Automotive Limited (ASX: APE) has announced several growth initiatives and the progress of its strategic investment in CanadaOne Auto. The company has entered into a non-binding term sheet to acquire a 49% stake in Grand Motors Group (GMG), a multi-brand dealership group with operations on the Gold Coast and in Metro Sydney. GMG generates approximately $490 million in annual revenue and represents brands such as Toyota, BMW, MINI, Mazda, Subaru, and Kia. The partnership will provide opportunities for collaboration around technology sharing, back-office efficiencies, and easyauto123 initiatives. Eagers Automotive has also entered into an agreement to acquire Audi Centre Melbourne and Audi Richmond, two large metro dealerships located in Melbourne, Victoria. These acquisitions will increase the company's brand representation with Audi, a key global premium brand, complementing its existing Audi representation through Audi Centre Newcastle. The company also provided an update on the progress of its strategic investment in CanadaOne Auto, stating that the pre-completion requirements are well progressed and the transaction is expected to complete in Q2 2026.

The company remains active in exploring accretive growth opportunities in the Australian market as it progresses towards the completion of its investment in CanadaOne Auto, which is expected to provide significant international expansion opportunities.