IK Investment Partners to acquire A-Katsastus Group’s operations in Sweden, Poland and the Baltics
IK Investment Partners (“IK”) is pleased to announce that the IK Small Cap II Fund has reached an agreement to acquire Carspect AB, SIA Scantest, Autotest Polska Sp. Z.o.o and A-Ülevaatus OÜ (“the Group”), from A-Katsastus Group Oy, a leading provider of vehicle inspection services in Northern Europe.
With a network of 375 employees and 106 stations, the Group is a leading provider of vehicle inspection services in Sweden, Estonia, Latvia and Poland.
Its service offering includes Periodic Technical Inspections (PTI), registration inspections, voluntary checks and related services for passenger cars, light trucks, buses and lorries.
“We are delighted to announce the sale of our non-Finnish activities. A-Katsastus Group, a Bridgepoint portfolio company, was the first company to introduce a customer-oriented service concept in the Swedish vehicle inspection market. We see exciting opportunities in our core Finnish market and developing our presence in both Finnish inspection and damage repair,” said Kari Kivikoski, CEO of A-Katsastus Group.
“IK shares our commitment to providing our customers with the best possible service. Their support allows us to better serve our existing customers while also enhancing our ability to increase the availability of our services geographically,” said Lars Selenius, CEO of Carspect.
“The market for vehicle inspection services is expected to continue to develop over the coming years. The Group has a superior concept with central locations, clean facilities, mobile-friendly websites and strong focus on customer service. By leveraging its strong brands, we believe that we can further strengthen the Group’s position in its chosen markets,” said Kristian Carlsson Kemppinen, Partner at IK Investment Partners.
Financial terms of the transaction are not disclosed.
For further questions, please contact:
Kari Kivikoski, CEO
Phone: +358 500 434 912
IK Investment Partners
Kristian Carlsson Kemppinen, Partner
Phone: +46 8 678 9500
Director Communications & ESG
Phone: +44 77 87 573 566