Relais Group company STS has completed the acquisition of Team Verkstad Sverige AB
Relais Group Plc
Press Release 1 October 2024 at 5:15 pm EEST
Relais Group Plc group company STS Sydhamnens Trailer Service AB has today successfully completed the acquisition of the entire share capital of Team Verkstad Sverige AB from Vy Buss AB, as announced on 5 July 2024. Team Verkstad Sverige AB will become part of the Relais Group as of 1 October 2024. After closing, the acquired company and the workshops will keep the Team Verkstad name for a transition period of up to one year.
Further information:
Arni Ekholm, CEO
Phone: +358 40 760 3323
E-mail: arni.ekholm@relais.fi
Relais Group:
Relais Group is a leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We have a sector focus in vehicle life cycle enhancement and related services. We also serve as a growth platform for the companies we own.
We are a profitable company seeking strong growth. We carry out targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket in our area of operation. Our acquisitions are targeted at companies having a good strategic fit with our group companies.
Our net sales in 2023 was EUR 284.3 (2022: 260.7) million. During 2023, we completed a total of four acquisitions. We employ approximately 1,000 professionals in six different countries. The Relais Group share is listed on the Main Market of Nasdaq Helsinki with the stock symbol RELAIS.