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Capman buys 86% share in Swedish heavy vehicle workshop chain

16 Jun 2014

truck lorryNordic private equity firm Capman Buyout has bought a majority stake in heavy vehicles workshop chain Malte Månson to take advantage of fragmentation in the market.

Malte Månson is one of Sweden’s largest chains of service workshops and sells diesel engine, spare parts and accessories for industrial use.

The Nordic private equity firm now holds approximately 86 per cent of the shares in Malte, which has a turnover of about €35m.

Capman investment director Tobias Karte noted the heavy goods service company’s strong position in a market where the traditional structures are changing.

He said, “The domination by few players is gradually being challenged. The fragmentation of the market also provides considerable opportunities for acquisitions and consolidation.”

Capman says its strategy is to invest in unlisted medium-sized companies with extensive opportunities for development, providing them support through both capital and industrial know-how.

Earlier this month Capman announced it had sold Finnish cushion and home textile maker Finlayson & Co after holding it for 15 years. Finlayson’s net sales were €44.8m last year.

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