Accent Equity acquires Autotube from Latour

The Accent Equity 2008 investment fund has signed an agreement to acquire 100 per cent of the shares in Autotube AB from Specma Hydraulic AB, a unit of Investment AB Latour.

Autotube delivers automotive components for both heavy vehicles and passenger cars. The company has an annual turnover of about SEK 400 million and 220 employees. Autotube’s products are developed in close cooperation with the customers and consist of tubes and tube systems for air and fluid distribution as well as other special components for delivery directly to the customers’ assembly lines. The company has business operations in Varberg and Ulricehamn and sells to a number of customers in the motor vehicle industry in Sweden and abroad.

The Accent Equity investment fund has previous experience as an owner of subcontractors to the motor vehicle industry, such as Gislaved Folie, Elmo Leather and Mont Blanc.

“Autotube is a niche-oriented company with longstanding relations with both Swedish and international motor vehicle manufacturers,” says Niklas Sloutski, CEO at Accent Equity Partners AB, an advisor to Accent Equity 2008. “The motor vehicle industry is expected to grow vigorously over the next few years with interesting opportunities for geographic consolidation. Accent’s ambition is to give Autotube resources to further consolidate its position as the customers’ first choice in its niche segments.”

Lars Weibull AB was the seller´s advisor in the transaction.

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