Autocirc acquires STS Group, one of Europe’s leading groups in products for and renovation of gearboxes. STS Group currently consists of several subsidiaries such as STS AB (Scandinavian Transmission Service AB), LBM Autoparts AB and Vaihteistokeskus Oy in Finland.
The subsidiary STS AB, based in Stenungsund, Sweden, was founded as one of Europe’s first reman companies back in 1969. STS AB works mainly with industrial renovation of transmission-related vehicle parts as an OES supplier to the automotive industry with customers such as Volvo Cars, SCANIA, MAN, Ford and others.
LBM Autoparts AB. also with headquarters and logistics centre in Stenungsund Sweden has sales offices in Germany and the subsidiary Vaihteistokeskus Oy in Finland. Operations today are focused on providing the independent aftermarket with various repair solutions that are both cost-effective and good for the environment. The range consists of spare parts for refurbishing gearboxes and other complex driveline products such as 4WD systems as well as refurbished units ready for installation.
The acquisition is a strategic investment that creates a platform for powertrain refurbishment within the Autocirc Group.
The group has assembled one of Europe’s largest stocks of spare parts for gearboxes and a unique test environment for diagnostics and warranty investigations. The companies’ operations also include frame handling and component logistics have extensive experience in renovation. The group currently has a turnover of approximately SEK 85 million and 42 employees.
“The development in the automotive industry means more integrated and complex control systems, of which automatic gearboxes are a part. Through the acquisitions of STS AB and LBM Autoparts AB with subsidiaries, we create a strategic platform for the renovation of powertrains and an even more comprehensive offer within the Autocirc Group.” says Johan Livered, CEO Autocirc Group.
Ola Stålebo, CEO STS says:
“The purpose of our work is partly the cost benefits we can offer our customers and partly the environmental benefits of reusing existing vehicle parts and materials. By becoming part of a larger context within Autocirc, this will have an even greater impact. We also look forward to contributing to a continued expansion outside Sweden to further strengthen the offer in transmission-related vehicle parts.”
The deal is part of Autocirc’s long-term strategy to acquire businesses to offer a more sustainable alternative in the European automotive aftermarket.
