Axel Johnson sells its shareholding in Mekonomen Group to LKQ Corporation
An agreement has been reached between Axel Johnson AB and LKQ Corporation (Nasdaq: LKQ) to sell shares in Mekonomen Group. LKQ Corporation acquires 26,5 percent of the shares in Mekonomen Group from Axel Johnson AB.Since Axel Johnson’s entry as the largest owner of Mekonomen Group in 2006, the company has developed from a strong Swedish position to become Scandinavia’s leading independent automotive spare parts company. The turnover has, with good and stable profitability, increased from approximately SEK 2,5 billion in 2006 to nearly SEK 6 billion 2015. During the past decade, Axel Johnson