Bilia expands Service operations for Mercedes in Sweden
Bilia has entered into an agreement to acquire LBs Lastbilar AB, a company that carries out repairs and service of Mercedes transport vehicles and trucks. The business is conducted in its own property in Norrköping. Bilia is expected to take over operations on April 1, 2022.
The acquired business reported sales of approximately SEK 40 million for 2021
and the average number of employees was 11. The business’s capital employed plus properties and agreed surplus values amount to approx.
SEK 30 million, which increases the Bilia Group’s net debt.
In the future, Bilia will conduct sales of trucks and service operations for transport vehicles and trucks.
Per Avander, Bilia’s President and CEO, comments:
”I am pleased that Bilia, through the acquisition of LBs Lastbilar AB, can expand the strategically important service business for our new car brand Mercedes. ”
Henrik Brunius, CEO of LBs Lastbilar AB, comments:
”I look forward to being a part of Bilia and will work with Bilia to develop our business. ”
Gothenburg, March 16, 2022
Bilia AB (publ)
For information please contact:
Per Avander, President and CEO, +46 (0) 10 497 70 00, [email protected]
Kristina Franzén, CFO, +46 (0) 10 497 73 40, [email protected]
Facts about the Bilia Group
Bilia is one of Europe’s largest car dealers with a leading position in service and sales of cars, transport vehicles and trucks. Bilia has approximately 150 facilities in Sweden, Norway, Luxembourg and Belgium. Bilia sells cars of the brand Volvo, BMW, Toyota, Mercedes, Renault, Lexus, MINI, Porsche, Nissan, Dacia, Smart and Alpine and transport vehicles of the brand Renault, Toyota, Mercedes, Nissan and Dacia and trucks of the brand Mercedes.
Bilia today has a fully developed business with sales of new cars, e-commerce, spare parts and shop sales, service and repair workshops, tires and car glass and financing, insurance, car washes, petrol stations and car rescue under one roof, which provides a unique offer.
Bilia had sales of approximately SEK 35 billion in 2021 and had approximately 5,300 employees.
-
Bilia expands Service operations for Mercedes in Sweden