Clas Ohlson to acquire a 91% stake in Spares for SEK655m.

Clas Ohlson, a hardware store company, agreed to acquire a 91% stake in Spares, a wholesale distributor of spare parts and accessories, as well as gear and apparel for motorcycles, for SEK655m. “I am very pleased that we, through the acquisition of Spares, are taking the next step in developing our offering, as we pursue expansion within a prioritised growth segment for Clas Ohlson. The acquisition strengthens our position within accessories for electronics and spare parts that extend the life of the customers’ products. With Spares, we are also adding batteries for more than 200k electronic devices and strengthen our position as a battery destination. Spares has an impressive history of profitable growth and operates with a sustainable business model in an interesting part of the market, with access to private customers as well as companies and organisations,” Kristofer Tonström, Clas Ohlson President and CEO.