- Saab Automobile Parts AB acquires the former subsidiaries of Saab Automobile AB in Spain and Italy.
- The companies supply spare parts, service programs and technical support to owners of Saab vehicles in Spain and Italy
- The acquisition strengthens the international representation of Saab Automobile Parts AB
- Further international expansion planned
Saab Automobile Parts AB has acquired the former subsidiaries in Spain and Italy from the bankruptcy estate of Saab Automobile AB. Following this acquisition, the companies in Spain and Italy will operate as 100% owned subsidiaries of Saab Automobile Parts AB, with all existing staff continuing to work.
"This acquisition is a natural step to ensure our presence in traditional Saab markets such as Spain and Italy. There is a large fleet of Saab vans in these countries and, with acquisitions, we ensure our representation to ensure parts availability, service programs and technical support to customers in this region. We see great opportunities to expand the business and set up the companies for the future, "says Lennart Stahl, CEO of Saab Automobile Parts AB.
The acquisitions in Spain and Italy are additional steps in the activities of Saab Automobile Parts AB to provide Saab drivers worldwide with spare parts and other after-sales services. Earlier this year Saab Automobile Parts AB founded subsidiaries in Great Britain and the USA and established a new Sales & Marketing office in Trollhättan.
"We sell and distribute parts in more than 60 markets worldwide and it is an ongoing process to analyze and expand our business opportunities. It is very likely that we will continue to expand our business internationally through additional branches, "says Lennart Stahl.
Text: Saab Automobile Parts AB