Norvestor-backed Citira completed the acquisition of Ringtjanst i Arlov.

Norvestor-backed Citira, a circular tire management provider, completed the acquisition of Ringtjänst i Arlöv, a tire workshop and tire sales company. Financial terms were not disclosed. ”We have managed to double in size since we took over the company in 2009. Now it is time to make the next leap in our development and we look forward to growing together with the rest of the team in the CTS Group. This alliance opens up new possibilities for our business and helps us expand the service offering to our customers,” Jonas Petersson, Ringtjänst i Arlöv Co-Owner.