Aurelius acquired Hellanor from Hella GmbH.

Aurelius acquired Hellanor, the second-largest wholeseller for automotive spare parts in Norway, from Hella GmbH, an internationally operating German automotive part supplier with headquarters in Lippstadt, North Rhine-Westphalia. Financial terms were not disclosed. "I am pleased to welcome Hellanor as the fourth Nordic company in our portfolio, highlighting our commitment to this region. The transaction also proves again that our experience in corporate spin-offs is highly appreciated by corporate sellers," said Leif Lupp, AURELIUS Group’s Head of Nordics. "Hellanor is the number 2 in Norway and operates in a healthy market. As a former non-core business under HELLA ownership, Hellanor will clearly benefit from the heightened attention it will receive as a standalone business under the AURELIUS umbrella. Our operations experts will help to ensure a successful, expeditious carve-out and then support management in aligning Hellanor to challenges and growth potential in the automotive after-market."