Europart takes over LVD and Trailereffekter, Sweden02 February 2016
German commercial vehicle parts group Europart Holding has acquired Swedish CV parts distributors LVD Lastvagnsdelar and Trailereffekter from Axel Johnson International.
The acquisition is subject to antitrust approval and fkniancial terms have not been revealed, but Europart CEO Pierre Fleck believes the combination of companies strengthens the group’s position in Northern Europe.
Both Swedish CV parts brands – which were founded ijn the 1970s, are to be maintained, along with LVD Lastvagnsdelar Svenska nine sales outlets in Sweden and Trailereffekter seven sales offices.
“The expertise and global procurement resources of Europart will sustainably ensure and continue to strengthen the competitiveness of LVD and Trailereffekter,” comments Mats R Karlsson, president and CEO of Axel Johnson International.
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