A new exciting chapter begins when Malte Månson now acquires Experten Group, resulting in the creation of a workshop group with a total of 26 geographically well located workshops.
In connection with the acquisition, the sellers of Experten Group will reinvest a significant part of the purchase price in Malte Månson's holding company and will hold key executive positions in the expanded group. This strategic partnership is based on a common vision to strengthen and improve the customer experience for Sweden's haulage and bus companies.
Experten Group currently consists of 8 modern and well-equipped workshops for buses, trucks and transport vehicles in the Stockholm area, Enköping, Uppsala, Malmö and Gothenburg. The company has a turnover of approximately SEK 145 million and 75 employees. The combined group is expected to have a turnover of just over SEK 600 million in 2024.
Malte Månson and Experten Group share values and a conviction that the customer should always be at the center of the business. By combining resources and expertise, the customer offering with a focus on quality, service and availability will be further strengthened.
The expanded presence of 26 strategically located workshops will create a more accessible and efficient platform to meet and exceed customer expectations.
"We will not only be a group of 26 workshops, but a close-knit community dedicated to putting the customer in focus. We also strengthen our position as the largest independent player in the commercial vehicle aftermarket in Sweden. This acquisition enables synergies that will strengthen our ability to deliver quality services and an even better customer experience. We have a clear plan for our expansion and the acquisition of Experten Group is an important step towards our goal of one billion in turnover by 2026. It is very exciting that Malte Månson now through the acquisition creates a strong position on buses, as well as damage repairs through the very modern facility with painting of heavy vehicles that Experten recently developed in Enköping."
Staffan Lindewald, CEO of Malte Månson Group
"I am incredibly proud of the journey I and my colleagues in Experten Group have made since the start in 2010. To now join forces with Malte Månson and be part of the rapidly expanding group is a strategic and exciting next phase for us.The opportunity for my organization to be part of a larger context is very attractive, we at Experten together with Malte's team will be an unbeatable team that will set a new standard in the industry. Our shared focus on the customer and employees are the cornerstones of this partnership. I look forward to working with Malte Månson and the expanded team of employees to create an even better customer offering."
Erik Hult, CEO and founder of Experten Group
Experten Group's current management team will continue to lead Experten Group and work together with Malte Månson to ensure a smooth transition and successful integration of the two organizations. The closing is expected to take place during the first quarter and is subject to customary closing conditions.
For more information, please contact:
Staffan Lindewald, CEO of Malte Månson Holding AB. Tel: 0708-29 91 21.
Experten Group was founded in 2010 by entrepreneurs with big hearts, drive and commitment to the automotive industry. The vision and goal is clear - to create something new. We are experts in the service and repair of buses, trucks and vans. Experten currently consists of 8 workshops and has around 75 employees. The latest addition is a complete damage workshop with painting for heavy vehicles in Enköping. Total turnover in 2023 amounts to approximately SEK 145 million.
For Malte Månson Verkstäder, quality and customer satisfaction are an obvious focus. Through strong expansion, we are today Sweden's largest independent workshop chain for trucks. Our facilities are located in central and southern Sweden, from Gävle in the north to Malmö in the south, in 17 locations with 18 workshops. In spring 2019, a complementary workshop concept - Malte City - was launched, focusing on transport vehicles up to 3.5 tons. The number of employees in the Group amounts to about 200 and sales in 2023 amounted to about SEK 415 million.
Link to the press release on mynewsdesk