- Autocirc provides reused original spare parts to insurers, workshops and car owners
- Alder acquired Autocirc in September 2020
- Nordic Capital invests in Autocirc alongside founders Johan Livered and Mattias Pettersson and the management team
Nordic Capital bought Autocirc, a provider of reused and recycled automotive original spare parts, from the Nordic sustainable investment fund Alder.
Based in Borås, Sweden, Autocirc offers reused original spare parts to insurers, workshops and car owners. The company’s turnover is approximately SKr1.2 billion (€110 million; $117 million) as of September 2022 and it is active in Sweden, Norway, Finland and the UK.
Nordic Capital plans to support Autocirc in the next phase of its growth to create “increasing circular effects at a growing scale”.
“Autocirc is a green pioneer in the automotive aftermarket industry, offering sustainable aftermarket services that significantly reduces emissions and climate impact while providing exceptional value to its customers,” said Joakim Andreasson, managing director, Nordic Capital Advisors. “We have followed Autocirc for a long time and are very impressed by the founders and the management team who have built a very strong platform with great potential for further expansion in existing and new geographies.”
Stockholm-based Nordic Capital is a private equity investor that focuses on healthcare, technology and payments, financial services, and selectively, industrial and business services.
Alder, also based in Stockholm, invests in and develops companies that aim to improve the long-term sustainability of the environment.