Through one of its subsidiaries, Investment AB Latour (“Latour”) has signed an agreement regarding the divestment of 100 percent of the shares in Autotube AB to Accent Equity 2008. The transaction is inter alia subject to clearance from Swedish competition authorities and is expected to be closed in March.
Autotube AB is one of Sweden´s leading manufacturers of motor vehicle components for air liquid distributions in cars and heavy trucks. The business operates from Varberg and Ulricehamn. Autotube has aproximately 220 employees and had a turnover of SEK 357 million in 2010 with an operating income of SEK 21 million. Through the transaction, the net debt of the Latour Group was reduced by approximately SEK 160 million.
Moll Wendén with the responsible partner Anders Steén was the legal advisor to Latour in this transaction.
Lars Weibull AB was financial advisor to Latour.