Q1 to add 16 new sites to forecourt network

Local authorities have approved the transaction between Günther-Tank and the petrol station brand to cede the retail assets located in Germany.

Last June, Günther-Tank decided to sell its roadside petrol station business to Q1 in Germany as part of an early succession plan. A total of 16 bft and Aral brand partner sites are set to be ceded to the buyer and recently the Federal Cartel Office has given its approval for the transaction, which is expected to be formalised in August.

"With the Günther-Tank sites, our service station network is growing by well-developed and successfully managed sites. We are taking over modern petrol station shops and technically up-to-date stations, which we will be happy to develop further in the future," explained Frederick Beckmann, board member of Q1, as reported by local news site Sprit Plus.

As reported by the medium, the transaction involves one branch location as well as 15 partner and tenant petrol stations in Central Hesse, Southern Lower Saxony and Western Thuringia. The Osnabrück-based family business will also take over employees from the areas of site development and tank technology, who look after the network, as part of a transfer of operations.

Although the fuel retail services are set to be controlled by Q1 when the transaction is completed, other amenities will still be operated by Günther-Tank. These include the car yard, car wash and motorway businesses. Back in June, Peter Günther, Managing Director at Günther-Tank, stated that his employees, facilities and partners will be in “good hands” with its buyer.

"High quality awareness and a great sense of service are just some of the values we share as medium-sized companies. With the takeover by Q1, I look forward to a successful continuation of our petrol stations," said Günther when the decision was made public.