Europart signs agreement to acquire Swedish Parts Dealers LVD and Trailereffekter
Hagen (Germany) / Stockholm (Sweden), 1 February 2016 – Europart, a Triton Fund II portfolio company, has signed an agreement to acquire Swedish Parts Dealers LVD and Trailereffekter from Axel Johnson International AB. This acquisition is expected to increase Europart’s position in Northern Europe. The transaction is subject to antitrust approval.
EUROPART is the leading trading company for spare parts and accessories for commercial vehicles, buses and special vehicles of all classes in Europe. In addition, EUROPART supplies its main customer groups in vehicle garages, transport companies and fleet operators with a wide range of workshop requirements: This includes the areas of chemicals, workshop/office equipment, fastening technology, operational safety equipment etc. for day-to-day work. EUROPART has an international network and is with more than 230 sales outlets represented in 27 countries.
For further information: www.europart.net
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 28 companies currently in Triton's portfolio have combined sales of over €13.6 billion and over 59,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com