Announced
Financials
Sources
Tags
Sweden
Cross Border
Private
Friendly
Private Equity
Tire shop
Auto Parts
Acquisition
Majority
Pending
Single Bidder
Synopsis
Norvestor, a private equity firm, agreed to acquire Colmec Group, a distribution platform for truck tire lifecycle management. Financial terms were not disclosed. “After almost 60 years in the family we are excited to welcome Norvestor as new majority owner and partner. Apart from a good cultural match, Norvestor has a long-dating and strong track-record of developing Nordic, family-owned business services companies, and their support will mark a significant milestone in Colmec’s development, positioning us for continued success. We will remain a dedicated minority shareholder in Colmec," Peter Eckerström, Colmec Owner.
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