Hagen / Stockholm, 01.02.2016
EUROPART Holding GmbH and Axel Johnson International AB, headquartered in Stockholm, Sweden, have agreed that EUROPART acquires the commercial vehicle parts distributors LVD Lastvagnsdelar and Trailereffekter. The acquisition is subject to antitrust approval. There is an agreement to maintain silence about the purchasing price.
"The combination of EUROPART, LVD and Trailereffekter will strengthen our position in Northern Europe and offer the Swedish customers a more powerful and comprehensive service for commercial vehicle spare parts, workshop supplies and accessories," explains EUROPART CEO Pierre Fleck.
"The expertise and global procurement resources of EUROPART will sustainably ensure and continue to strengthen the competitiveness of LVD and Trailereffekter", says Mats R. Karlsson, President and CEO of Axel Johnson International.
The Swedish traditional brands will be maintained. LVD Lastvagnsdelar Svenska AB was founded in 1976 and has evolved into one of the leading suppliers of commercial vehicle components in Sweden with nine sales outlets nationwide. Trailereffekter AB was founded in 1977 and is specialized in the sale of spare parts for trailers. Trailereffekter has seven sales outlets and employees with a wide-range of expertise for both new and imported trailers as well as older trailers from regional production. Together the two companies have an annual revenue of 28 Mio. EUR (264 Mio. SEK) and 93 employees. EUROPART is represented in Sweden with six branches.