Norvestor-backed Citira completed the acquisition of Moaxtek.

Norvestor-backed Citira, a tire management provider, completed the acquisition of Moaxtek, a provider of wheel alignment services. Financial terms were not disclosed. ”We have always had a clear vision for Moaxtek’s future and see this new partnership as great opportunity for our continued growth. Together with CTS, we will be able to grow in Sweden and into our neighboring countries in the Nordics. Through this transaction we will also create an unparalleled footprint in the Swedish market when it comes to mobile wheel alignment services for heavy vehicles. We look forward to strengthening our cooperation with this large group of entrepreneurs,” Patrik Johansson, Moaxtek Co-Founder.