Nordic Capital successfully completes acquisition of Autocirc

Further to the Company’s press release dated 15 December 2022, Autocirc Industriutveckling AB is pleased to announce that the expected acquisition of a majority stake in the Company by Nordic Capital has successfully taken place following the satisfaction of all conditions to the acquisition.

Johan Livered, CEO of Autocirc Group, commented: “We look forward to further accelerating our journey to truly create a sustainable European leader, with great potential in expanding our offering, both in existing and new markets and across the entire value chain. We have had a tremendous development in recent years and look forward to the next chapter together with Nordic Capital.”

This information is information that Autocirc Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 17:30 CET on 8 February 2023.

For further information, please contact:

Johan Livered, CEO
Tel: +46 727 16 46 66
E-mail: johan.livered@autocirc.com

Johan Rafstedt, CFO
Tel: +46 709 45 46 06
E-mail: johan.rafstedt@autocirc.com

About Autocirc Group

Autocirc is a Nordic group that offers reused and recycled spare parts to the automotive industry. The company’s operations are based on the circular economy model where car parts and materials can be used longer, which means a competitive advantage and major positive effects for the environment. Autocirc was founded in 2019 and has since grown significantly both organically and through acquisitions in Northern Europe. The company’s turnover is c. SEK 1.2 bn as of September 2022 and has a presence in Sweden, Norway, Finland and the UK. The head office is located in Borås in Sweden and there is a total of c. 570 employees in the group