Autotube AB, a Varberg and Ulricehamn, Sweden-based company that delivers automotive components for both heavy vehicles and passenger cars, has been acquired by private equity firm Accent Equity from Specma Hydraulic AB, a unit of Investment AB Latour.
Led by CEO Sven-Olov Libäck, Autotube delivers automotive components for both heavy vehicles and passenger cars. The company has an annual turnover of about SEK 400 million and 220 employees.
Products consist of tubes and tube systems for air and fluid distribution as well as other special components for delivery directly to the customers’ assembly lines in Sweden and abroad.
Commenting on the investment, Niklas Sloutski, CEO at Accent Equity Partners AB, an advisor to Accent Equity 2008, said: “Accent’s ambition is to give Autotube resources to further consolidate its position as the customers’ first choice in its niche segments”.
The transaction, which was made through the Accent Equity 2008 investment fund, is conditional on approval from the Swedish competition authorities and is expected to be concluded in March.