News. 21/10/21

Werksta completes three add-on acquisitions

Procuritas is pleased to announce that its portfolio company Werksta, the leading car damage repair chain in the Nordics, has completed three add-on acquisitions, adding Alppilan Autohuolto Oy in Finland, Skadeverkstad Uppsala Östra AB in Sweden and Follo Bilskade AS in Norway into the group.

Werksta was formed in 2015 through Procuritas’ investment in two individual body shops with a combined revenue of €12 million, which has grown into a Nordic €150 million revenue business with over 900 employees.

Catherine Sahlgren, CEO of Werksta, commented: “We are delighted to expand our operations with these latest acquisitions that strengthen our position as the leading independent Nordic car damage repair chain. We aim to continue our growth journey over the coming years via both acquisitions and greenfield developments.”

Jussi Holopainen, Director at Procuritas, commented: “Werksta’s growth strategy including both acquisitions and organic greenfield developments has been a success story since the company was founded in 2015. The latest acquisitions improve both our abilities to work closer to several leading Original Equipment Manufacturers (OEMs) but at the same time to better serve insurance companies and their customers across the Nordics.” Procuritas has a strong track record over many years of investing in companies that have the potential to undergo transformational growth, in this instance through a buy-and-build strategy to facilitate accelerated development and multi-regional expansion of the group.

For further information, please contact:

Catherine Sahlgren
CEO, Werksta
+46 70 985 85 03
catherine.sahlgren@werksta.com

Jussi Holopainen
Director, Procuritas
+46 70 333 55 67
jussi.holopainen@procuritas.com

Media – Kepler Communications

Charlotte Balbirnie
+44 7989 528421
CBalbirnie@keplercomms.com

Caroline Villiers
+44 7808 585184
CVilliers@keplercomms.com

About Procuritas
Procuritas is a mid-market Nordic private equity investor, building up regional service champion and global niche leaders through transformative growth. As the longest-established private equity firm in the Nordics with a 35-year track record, Procuritas has carefully invested in more than 45 companies, accelerating their growth and helping them to realize their true business potential. The long-serving team is characterised by its passion for business, hands-on experience, enthusiasm, commitment to ESG-linked value creation initiatives and strong belief that they are allies in the quest to build strong and sustainable businesses. Read more at www.procuritas.com.

About Werksta
Werksta is the Nordics’ leading car damage repair chain with 80 workshops in Sweden, Finland, and Norway. The group employs more than 900 professionals and had sales of more than SEK 1.2 billion in 2020. Read more at www.werksta.se.

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