03:49 AM EDT, 10/24/2024 (MT Newswires) -- Penske Automotive Group ( PAG ) said late Wednesday it has agreed to acquire Porsche Centre Melbourne from Porsche Retail Group Australia.
The company said the acquisition, expected to close by year-end, will add $130 million in estimated annualized revenue.
Financial terms weren't disclosed.
Price: 152.36, Change: +0.58, Percent Change: +0.38