Autocirc to continue its growth journey with Nordic Capital as new owner
Autocirc Industriutveckling AB announced today that Nordic Capital has signed an agreement with the current shareholders of Autocirc Group to acquire a majority stake. Management and founders will continue to hold a significant ownership, together with Nordic Capital.
Johan Livered, CEO of Autocirc Group, commented: “We are very proud over the great results achieved during the partnership with Alder. The fast development since 2019 has put us in pole position to continue build the aftermarket company of the future with full focus on reuse. We are very excited to join forces with Nordic Capital to accelerate our expansion and developing the circularity effects to optimise the reuse of auto parts through direct reuse, remanufacturing, and repurposing. Nordic Capital will add valuable expertise from their extensive experience within the automotive market to continue pave the way for a circular transition. We look forward to making Autocirc a key contributor to the circular economy by creating a sustainable European leader”.
The sale is subject to standard regulatory approvals and is expected to be completed in Q1 2023.
This information is information that Autocirc Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on 15 December 2022.
For further information, please contact:
Johan Livered, CEO
Tel: +46 727 16 46 66
E-mail: johan.livered@autocirc.com
Johan Rafstedt, CFO
Tel: +46 709 45 46 06
E-mail: johan.rafstedt@autocirc.com
About Autocirc Group
Autocirc is a Nordic group that offers reused and recycled spare parts to the automotive industry. The company's operations are based on the circular economy model where car parts and materials can be used longer, which means a competitive advantage and major positive effects for the environment. Autocirc was founded in 2019 and has since grown significantly both organically and through acquisitions in Northern Europe. The company’s turnover is c. SEK 1.2 bn as of September 2022 and has a presence in Sweden, Norway, Finland and the UK. The head office is located in Borås in Sweden and there is a total of c. 570 employees in the group.
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