Relais Group Plc, Insider information 10/14/2021 at 12.50 EET

Relais Group Plc (“Företaget”, “Relais”), the leading consolidator in the Nordic vehicle aftermarket, has signed an agreement (“purchase agreement”) regarding the acquisition of the Swedish company STS Sydhamnens Trailer Service AB (“STS”, “Corporate Acquisition”). The seller is Sydhamnens Trailer Service Holding AB (Fairford Holdings Private AB and Marinus Företagskapital in Bromma AB) (“Seller”). The completion of the company acquisition is expected to take place during November 2021, provided that certain normal conditions for the closure of the business combination are met and that the transaction is approved by The Swedish Competition Authority.

STS is the largest independent nationwide workshop chain for repair and maintenance of heavy and light commercial vehicles in Sweden. With a nationwide coverage from Malmö in the south to Luleå in the north, STS supports its customers with 15 full-service workshops. The acquisition is an important strategic step in the expansion of Relai’s maintenance and repair operations for commercial vehicles in the Nordic region.

STS Net sales for the year 2021 are estimated at approximately EUR 23 million and EBITDA is estimated at approximately EUR 1.2 million. The company is headquartered in Helsingborg, Sweden and it employs 140 professionals. The purchase price for the shares in STS is estimated at EUR 9.2 million and it will be paid in cash. The purchase agreement also includes the sellers’ right to an additional purchase price of a maximum of EUR 2.2 million depending on the financial results for STS for the financial year 2021. The company acquisition is expected to create a synergy benefit of EUR 0.5 – 1.0 million for Relais, fully effective at the end of 2023.

STS Sydhamnens Trailer Service

Important benefits of the company acquisition:

• The acquisition further strengthens Relai’s position in the strategically important aftermarket for commercial vehicles in the Nordic region.
• The acquisition enables significant synergy benefits, especially in the case of spare parts purchases and creates cross-selling opportunities for Relai’s own lighting and equipment products in Sweden.
• The acquisition supports the realization of Relai’s long-term strategic growth plans.

Arni Ekholm, CEO of Relais Group Plc:

“The aftermarket for commercial vehicles is a strong growth pillar for Relay Group in the Nordic region and the strategic adaptation of STS for us is excellent. STS is a very well-established and managed company that has recently made several operational improvements. STS has shown a solid potential for further sales growth and profitability in the Swedish market. Expands our business operations for maintenance and repair of commercial vehicles to Sweden is a logical step after the acquisition of Raskone Oy Earlier this year. Relay Group will be an even more important strategic partner for the transport sector in the Nordic countries. “

“As the largest independent service chain for the maintenance and repair of commercial vehicles in Sweden, STS is an important buyer of spare parts, which enables significant synergy benefits from spare parts purchases and cross-selling. STS will also act as an important contributor to the development of our entire maintenance and repair business for commercial vehicles. I am very happy to welcome the professional team at STS to join the fast-growing Relais family. As an industrial owner, we will be able to create a strong growth platform for STS. I also firmly believe that together we can serve our customers even better in the future. ”

Stefan Klingberg, CEO of STS Sydhamnens Trailer Service AB:

“I’m very happy to be a part of it Relay Group and to have the opportunity to further develop the business together with Relais and our new sister companies. I see a strong industry logic behind the acquisition, and I am very happy to be part of the journey ahead. STS will contribute with our extensive knowledge of the Swedish aftermarket operations for light and heavy transport equipment and the industry’s challenges that drive the shift towards sustainable transport. ”

Robert Jonsrud, Fairford Business Development and STS Chairman of the Board:

“We are pleased to be able to hand over the ownership of STS to Relais, a company that is positioned as an excellent owner of STS in the future. After several years of operational improvements and an improved market position for STS, we believe that Relais is the best possible partner to further develop the company. By utilizing industry focus and value chain position, we truly believe that this offers great future potential. We wish STS and Relais great success in their future endeavors and will follow their development with great interest. “

Relais Group Plc

Board

For more information, please contact:
vd Arni EkholmEmail: [email protected]
Phone: +358 40760 3323

Certified advisor:
Evli Bank Abp
Phone: +358 40 579 6210

Distribution:
Nasdaq Helsinki Ltd.
Finansinspektionen
Main media
www.relais.fi

About Relais Group Plc:

Relay Group is the leading consolidation and acquisition platform in the vehicle aftermarket in the Nordic and Baltic countries. We are an industrial operator with an industry focus in vehicle life cycle improvement and related services. We also act as a growth platform for the companies we own. We are a profitable company that seeks strong growth. We are making targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket within our business area. Our acquisitions are aimed at companies that have a good strategic alignment with our Group companies. Our net sales in 2020 were 128.9 euros (2019: 98.9) million and we employed almost 300 professionals in six different countries. In 2021, we have already made three acquisitions. The acquired companies’ total turnover amounts to almost 92 million euros. After the acquisitions, we employ more than 800 professionals. Our share is listed on Nasdaq Helsinki Ltd. Nasdaq First North Growth Market Finland with the share symbol RELAIS.

www.relais.fi

About STS Sydhamnens Trailer Service AB:

STS is Sweden largest independent service network for repair and maintenance services on light and heavy transport equipment. With a nationwide coverage, from Malmö in the south to Luleå in the north, STS supports its customers wherever and whenever they need via 15 full-service workshops. If the customer cannot come to the workshop, STS can always come to the customer with one of its 15 fully equipped service cars, available 24/7/365.

www.ststrailerservice.se

About Fairford:

Fairford is an active and value – creating investor who wants to invest in privately owned companies in Sweden and that UK. Through long-term commitment, sustainable operational improvements and clear strategic positioning, Fairford aims to create a portfolio of leading companies in its respective markets. The head office is located in Östersund, Sweden with office in Stockholm and London, Fairford is a privately held investment company owned by Osseiran Family Trust.

www.fairfordholdings.com

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