Scotland business

Tom Airdrie expands into Aberdeen

Tom Airdrie base
Image caption Tom Airdrie is planning further expansion into Inverness early next year

A North Lanarkshire-based car rental and sales firm is expanding into Aberdeen after buying John R Weir's commercial vehicle division.

Tom Airdrie is believed to have paid £3m for its first depot in the north-east.

Tom said it was also planning further expansion into Inverness early next year.

The acquisition comes just weeks after John R Weir was taken over by Arnold Clark Automobiles.

The new business will be branded Mercedes Benz Commercial Vehicles - Aberdeen.

Sales and after-sales of Mercedes Benz commercial vehicles will remain its core business but a vehicle rental section will be added over the coming weeks to give Tom Vehicle Rental a foothold in the Aberdeen market.

Tom commercial director Robert Stewart said 35 staff currently with John R Weir would be transferred to the new company.

He added: "I believe the business needs additional resource to build a strong platform for further development.

"We have an excellent site and location in a vibrant, Scottish micro-economy with a strong product range being enhanced with progressive new Mercedes Benz truck and van models being released between now and next summer."

As part of the deal, Tom will also open Mercedes Benz Commercial Vehicles - Inverness in March next year.

Earlier this week, Tom reported a 41.1% rise in pre-tax profits to more than £2m in the year to March, as turnover jumped from £27.3m to £38.4m.

Chairman Hugh Stewart said the improvements had been achieved despite a challenging economic background and cash flow pressures affecting many of Tom's customers.

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