Autosports Group acquires Canberra Porsche, multi-brand dealerships for A$12.5m

Autosports Group Limited (ASX: ASG) announced the completion of its acquisition of Gulson Canberra, which includes the Porsche Centre Canberra, effective September 1, 2025. The purchase was executed by its wholly-owned subsidiary, Autosports Leichhardt Pty Ltd, covering the business and assets of Gulson Canberra. Gulson Canberra operates multiple prestige and luxury automotive brands in the region, including Porsche, Fiat, Alfa Romeo, Leapmotor, Abarth, and Jeep.

The total purchase consideration for the acquisition was approximately A$12.5 million. This amount comprised A$12 million allocated to goodwill and approximately A$0.5 million for net tangible assets, plant, and equipment. The acquisition was funded through a combination of the company's existing cash reserves and debt facilities. Further details regarding the acquisition were initially provided in an ASX market announcement released by Autosports Group Limited on July 18, 2025.

Autosports Group, established in Sydney in 2006, is Australia's only ASX-listed specialist prestige and luxury automotive retailer, operating over 75 businesses across key metropolitan markets in Australia and New Zealand. The acquisition aligns with its strategy to diversify its automotive group, representing premier luxury and prestige automotive brands from prime locations, and expands its comprehensive automotive solutions offerings.