January 2, 2013 - Assignment

VBG acquires Onspot

VBG Group AB (publ) has acquired the American automatic tire chains manufacturer Onspot of North America, Inc. for a purchase price of approximately USD 10 million. VBG Group is an international engineering group with business in Europe, USA, India and China. VBG Group’s shares are listed on Nasdaq OMX Nordic Stockholm.

VBG Group was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Adam Green, primarily assisted by Hampus Thofte, Patrik Lilieblad and Joel Englund.