Major automotive dealer organisation and vehicle distributor AHG has confirmed it is in negotiation to acquire the distribution rights for Higer buses in Australia.
The statement confirms that the current Higer distributor, WMC was placed into voluntary administration as reported by Truck & Bus News earlier this week .
It is understood by T&BN that AHG is WMC’s largest creditor. T&B N also understands that AHG has been WMC’s major financIer and backer over the past four years.
The statement says that AHG has entered exclusive negotiations to acquire the business from the administrator.
“AHG has had an association with Higer as an import partner to WMC and with a number of new products being brought to market, we see significant growth potential in the brand.
AHG is seeking to acquire the distribution rights for Higer Australia from the administrator,” said AHG managing director Bronte Howson.
“Higer produces a range of quality buses that are suitable for the local market as we build the brand’s reputation and sales. That outcome will also benefit existing and future customers of Higer in Australia,” he said.
Any transaction would be subject to OEM approval and formal contracts being concluded, the statement said.