Comment on rumors that Mekonomen Group is in dialogue about acquisition Nordic Forum

Mekonomen Group has previously announced that growth through acquisition is interesting if it is the right company at the right price. Rumors have spread to the market that the company is about to acquire the industry player Nordic Forum. Mekonomen Group confirms that dialogues are taking place with various players, including Nordic Forum, in line with the company's growth strategy.

Mekonomen Group has previously announced that Finland is a market where they want to grow through acquisitions. The company confirms that they also are in dialogue with industry players in other markets. Rumors about acquisitions will not be commented further. If an acquisition is completed, it will be communicated to the market.

"We have an ambition to grow organically and through acquisitions. We conduct ongoing dialogue with interesting players in several markets, including Nordic Forum. We intend to communicate further to the market if an acquisition is being made”, says Pehr Oscarson, President and CEO Mekonomen Group

For further information, please contact:

Pehr Oscarson, President and CEO Mekonomen Group
Telephone: 08-464 00 00

This information is information that Mekonomen 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 above, at 10:45 a.m. CET on 14 May 2018.This press release will be published in Swedish and English. The Swedish version represents the original version and has been translated into English.

About Us

Mekonomen operates in the car aftermarket and consists of leading car service chains in Northern Europe with a proprietary wholesale operation, more than 460 branches and over 3,400 affiliated workshops operating under the Group’s brands. Through its branch network, Mekonomen Group offers affordable spare parts and accessories to the affiliated workshops, other workshops, other B2B customers, as well as car owners. Around 90 per cent of sales are business to business, where 80 per cent of the orders are digital. The largest business to business customers are affiliated workshops operating under the Group´s concepts AutoMester, BilXtra, Din Bilpartner, Meca Car Service, Mekonomen Bilverkstad, O.K. Serwis, Speedy and others. The Group operates through four business areas – FTZ with operations in Denmark, Inter-Team with operations in Poland, MECA/Mekonomen with operations in Norway and Sweden and Sørensen og Balchen with operations in Norway.