1 February 2016
EUROPART acquires LVD and Trailereffekter
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. The purchase price was not disclosed.
“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. € (264 Mio. SEK) and 93 employees. EUROPART is represented in Sweden with six branches.
About EUROPART
EUROPART is one of the leading European trading companies for after-market spare parts and accessories for commercial vehicles (trucks, trailers, vans, coaches and specialty vehicles) as well as workshop requirements. The company sells its products in over 160 retail locations to c.80.000 customers in 26 countries with a stronghold in Germany, Scandinavia, Spain, Portugal, Russia and Poland. The typical customers include workshops (independents as well as chains), freight agencies, carrier and fleet owners, vehicle fleet managers and the public sector. EUROPART is a portfolio company of Paragon. For further information, visit the company’s website at www.EUROPART.net.
About Paragon
Paragon is one of the leading independent private equity firms in Europe with approx. €650 million of equity under management. Paragon works closely with portfolio companies to achieve sustainable growth and operational excellence. The investment portfolio covers various industries and currently comprises 7 companies. Paragon was founded in 2004 and is based in Munich, Germany. For further information please refer to www.paragon.de.