Saab Parts AB in Sweden acquires subsidiaries in Spain and Italy

• Saab Automobile Parts AB acquires Saab Automobile AB's subsidiaries in Spain and Italy
• The companies provide parts, service programs and technical support for Saab owners in Spain and Italy
• Further strengthens Saab Automobile Parts AB’s international representation
• Additional international expansion is likely

Saab Automobile Parts AB acquired its former subsidiaries in Spain and Italy from the Saab Automobile AB bankruptcy estate. Following the acquisitions, the companies in Spain and Italy will act as wholly owned subsidiaries of Saab Automobile Parts AB and all current personnel in the companies will continue their employment.

“The acquisition is a natural step to secure our presence in classic Saab markets such as Spain and Italy. There is a large Saab fleet in these countries, and with this acquisition we secure our representation here to provide parts, service programs and technical support for Saab owners in the region. We see great opportunities to further develop the business and strengthen the companies for the future”, says Lennart Stahl, CEO of Saab Automobile Parts AB.

The acquisitions in Spain and Italy are additional steps in Saab Automobile Parts efforts to provide Saab owners worldwide with spare parts and other aftersales services. Earlier this year, Saab Automobile Parts AB formed subsidiaries in the UK and in North America and established a new sales and marketing office in Trollhättan.

“We work with sales and distribution of spare parts in more than 60 markets, and it is an ongoing process to review and develop our business opportunities. It is quite possible that we may further expand our business internationally through additional establishments”, says Lennart Stahl.

Source: press release