February 1, 2016 - Assignment

AxDrive divests Trailereffekter and LVD Lastvagnsdelar to Europart

Automotive component specialist, AxDrive, which is owned by Axel Johnson International, has entered into an agreement to sell Trailereffekter and LVD Lastvagnsdelar. The two distributors of spare parts for heavy vehicles have been acquired by Europart, a German spare parts distributor with operations in 27 countries.

The acquisition strengthens Europart’s market position in Sweden. The company now has 1,600 employees and annual sales of EUR 412 million. Combined, Trailereffekter and LVD have 16 branches in Sweden, 93 employees and annual sales of SEK 264 million. The transaction is conditional on the approval of competition authorities.

AxDrive was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Martin Ericsson, assisted primarily by Jon Rastad and Sandra Röijer.