Announced
Synopsis
Autocirc, a distributor of sustainable spare parts, agreed to acquire Grønvolds Bildemontering, a condemned cars dismantling services provider. Financial terms were not disclosed. "This is a great day for Autocirc, not only in Norway but for the entire group. We have worked strategically for a long time to reach this point when we can welcome GBD-Grønvolds Bildemontering to Autocirc. The company is one of the largest players in the industry in Scandinavia, which opens up new opportunities in the market for Autocirc. Grønvold’s experience and expertise will be a very important resource for us in our work to drive the development of sustainable alternatives to newly produced vehicle parts, but also an important part of our vision to become Europe’s leading player in 2025," Bjarte Kaldestad, Autocirc Country Manager Norway.
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