Norvestor partners with Colmec to drive Northern European expansion
A fund advised by Norvestor Advisory (“Norvestor”) has signed an agreement to acquire a majority in Colmec Holding AB (“Colmec” or “the Company”), a market-leading independent provider of sustainable tire solutions and a trusted functional partner to commercial vehicle fleet operators in the Nordics and Poland.
Colmec is a market-leading independent provider of sustainable tire solutions and a trusted functional partner to commercial vehicle fleet operators serving more than 6,700 customers in the Nordics and Poland. Founded in 1966 and owned by the Eckerström family since, the Company employs c. 385 FTEs and is headquartered in Norrköping, Sweden, with offices in Poland, Finland and Norway as well as 16 service stations and two retreading facilities, one in each of Sweden and Poland.
“After almost 60 years in the family we are excited to welcome Norvestor as new majority owner and partner. Apart from a good cultural match, Norvestor has a long-dating and strong track-record of developing Nordic, family-owned business services companies, and their support will mark a significant milestone in Colmec’s development, positioning us for continued success. We will remain a dedicated minority shareholder in Colmec”, says Peter Eckerström, owner of Colmec.
“We look forward to working with Norvestor and believe we have found a partner who can contribute positively to our strategic goals. Together we will accelerate the growth plan – both organically and via acquisitions, drive digitalization across the group, and continue investing into our environmentally friendly offering. I am convinced that this partnership will create very exciting opportunities for all Colmec stakeholders”, says Patrick Sjölin, CEO of Colmec.
“Colmec has built an attractive and scalable position in its core markets, with a unique full-service offering and logistics capabilities focusing on commercial vehicle fleet operators. The combination of a driven team, strong brand and culture, and high customer satisfaction, makes us confident that Colmec can continue developing its position as a leading independent player in the Nordics and Poland”, says Tor Erling Gunnerød, Partner at Norvestor Advisory.
Colmec is headquartered in Norrköping, Sweden, with annual revenues of approximately SEK 1.2 billion in 2022.
Following the acquisition Norvestor will become the largest shareholder in Colmec, followed by the Eckerström family and the Company’s management and key employees.
The transaction is expected to close in July 2023, subject to customary closing conditions.
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For further information:
Tor Erling Gunnerød, Partner, Norvestor Advisory Tel.: +47 920 55 355 Email: teg@norvestor.com
Patrick Sjölin, CEO, Colmec Group Tel.: +46 11 20 20 02 Email: patrick.sjolin@colmec.se
Colmec is a market-leading independent provider of sustainable tire solutions and a trusted functional partner to commercial vehicle fleet operators in the Nordics and Poland. Read more at www.colmec.se