12 April 2016

Gernandt & Danielsson advises Volati in the acquisition of ClearCar

Volati AB (publ), through its subsidiary Besikta, acquiresall shares in ClearCar AB.

ClearCar conducts vehicle inspection operations on approximately 80 inspection stations. In February 2016 ClearCar’s accreditation was withdrawn by the supervisory body Swedac which claimed that there are deficiencies in the inspection operations. For 2015 ClearCar's revenue amounted to SEK 82 million with an operating profit before depreciation of approximately SEK 4 million.

Volati is a Swedish industrial group that acquires and develops companies with focus on long-term creation of value. Volati consists of eight sub-groups with operations in 15 countries and a total annual revenue of approximately SEK 3 billion.

Gernandt & Danielsson advises Volati with a team consisting of Partner Mikael Borg, Senior Associates Erik Sandgren (IPR) and Gabriel Zsiga (M&A), and Associates Simon Söderholm (Employment) and Caroline Gulliksson Dock.