Mekonomen acquires Norwegian spare parts chain Sørensen og Balchen AS
Mekonomen has entered an agreement to acquire Sørensen og Balchen from Otto Olsen Invest. Sørensen og Balchen operates the BilXtra spare parts chain in Norway, which has 32 own stores, 41 affiliated stores and slightly more than 200 cooperating workshops. Sørensen og Balchen is a well-know family company and has a strong position in the Norwegian market. Sørensen og Balchen’s forecast for sales in 2011 amounts to approximately NOK 660 M. The annual cost, logistics and purchasing synergies are estimated at SEK 40 M as of 2012. “This transaction gives us a stronger position in the
