31 Oct 2023
ASDA is pleased to announce it has completed the acquisition of EG Group’s UK and Ireland operations, comprising 356 petrol filling stations and 462 food-to-go locations. This is a highly strategic acquisition accelerating ASDA’s convenience retail strategy, building on the recent acquisition of 119 convenience sites from Co-op and the launch of ASDA’s proprietary convenience retail concepts “ASDA on the Move” and “ASDA Express”. The combined group is expected to generate revenue of c.£28 billion and serve c.21 million customers weekly. In addition to being the third largest grocery retailer in the UK, ASDA will become the #3 convenience retailer in the UK and the second largest operator of petrol forecourts.
In a statement, Stuart Rose Chairman of ASDA said “As families continue to face cost-of-living challenges, bringing ASDA’s long-standing value in groceries and fuel to even more communities is a win for UK consumers. The combination of ASDA and EG UK will only create more opportunities for ASDA to bring that focus on value to even more communities – as well as driving the sustainable growth of the business through a convenience offer of genuine scale and substance.”
Gary Lindsay, Managing Partner of TDR added: “This transaction is all about growth and bringing together the complementary strengths of ASDA and EG UK. We are creating an enhanced and more diverse ASDA business that delivers even greater value for its customers on a daily basis in stores and online.”
The remaining EG Group business comprises operations in the US, Continental Europe and Australia, whilst also retaining 32 sites in the UK.