June 14, 2012 - Assignment

Pirelli acquires Däckia

Pirelli Tyre S.p.A. has acquired Däckia, a market leading multi-brand tyre distribution chain in Sweden, from Procuritas Capital Investors and minority shareholders for SEK 625 million.

Pirelli Tyre is a world leading producer of high end tyres based in Italy. Pirelli & C, listed on the Milan stock exchange since 1922, is one of the world’s leading tyre makers. The company is present in more than 160 countries, it has 22 production sites in 4 continents and employs over 34,000 people. Däckia has a consolidated presence on the Swedish market and an annual turnover of approximately SEK 900 million.

Pirelli Tyre was advised by Mannheimer Swartling in the transaction. The firm’s team, headed by Jan Holmius, included Kristoffer Stråth and Jon Rastad.