# Hedin Automotive acquires majority stake in KOED

Hedin Automotive has agreed to acquire 60% of the shares in Danish BMW and MINI parts specialist KOED, strengthening its BMW spare parts offering in Scandinavia.

- Type: Acquisition
- Announced: 2020-11-06
- Where: Denmark
- Status: announced
- Products: BMW spare parts, MINI spare parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hedin Automotive](https://endata.com/companies/51041.md) (acquirer)
- [KOED](https://endata.com/companies/51042.md) (target)

## Sources

- [mynewsdesk.com](https://www.mynewsdesk.com/hedinautomotive/pressreleases/hedin-automotive-acquires-majority-stake-in-the-danish-bmw-parts-company-koed-3048488), 2020-11-06: "The acquisition positions us well for future growth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.