MB Funds to sell A-Katsastus to Tradeka
MB Funds has signed an agreement to sell A-Katsastus Group Oy, the leading vehicle inspection, driver’s examinations, and other license services provider in Finland, to Tradeka-Yhtiöt Oy.
A-Katsastus Group is the leading vehicle inspection company in Finland with approximately 150 stations network. The group’s subsidiary Ajovarma operates under a nationwide governmental contract with Traficom providing driver’s exams and license services across Finland in total 100 service facilities. A-Katsastus Group’s total revenue in 2019 was €68 million and the company employs approximately 800 persons.
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” A-Katsastus Group continued to perform strongly during this year despite the Covid-19 challenges. I would like to thank, in particular, the whole personnel of the group who have managed their customer service mission in an excellent manner also during these challenging times. We are also very pleased that A-Katsastus Group continues its success with the lead of a new, strong domestic owner. “, comments Juha Tukiainen from MB Funds.
Closing of the transaction requires competition authority’s approval and the target is to complete the acquisition as soon as possible.
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A-Katsastus Group is the leading private provider of vehicle inspection, driver’s examinations, and registration and other license services in Finland. A-Katsastus Group employs 800 persons in approximately 150 service facilities in Finland. www.a-katsastus.com
MB Funds is the leading Finnish private equity investor founded in 1988. Total assets under MB Funds management stand at 0.5 billion euro with prime Finnish institutions as its main fund investors. MB Funds has successfully invested in approximately 40 mid-sized companies in the Nordics. www.mb.fi
Tradeka Coopetative is a cooperative of 200,00 members. Tradeka-Yhtiöt Oy is responsible for corporate governance of the cooperative’s core businesses and is the sole owner of Restel Oy (restaurant business), Lehtipiste Oy (magazine distribution), Med Group Oy (social and health care services), and Tradeka-Sijoitus Oy (investment activities).
(source)