Procuritas Capital Investors V teams up with entrepreneurs to create Werksta, a leading chain of independent car collision repair workshops

Procuritas Capital Investors V has since June 2015 acquired eight collision repair workshops in Sweden through a newly established holding company, Werksta. The group’s objective is to expand in the Nordic region and become the preferred partner to car owners, insurance companies and fleet owners.

Werksta currently has annual revenues of approximately 200 MSEK and can be found in seven locations across Sweden. The group plans to continue to expand in both Sweden and other Nordic countries, and develop the concept to become the leading provider of collision repair services. Selling entrepreneurs remain minority shareholders in the Group.

At the same time, the owners of Autoklinikka and Werksta, the two leading independent collision repair chains in Finland and Sweden respectively, have agreed to merge operations.

Autoklinikka, based in Finland, operates through 11 wholly-owned collision repair workshops and a network of approximately 30 franchise and cooperation partners in Finland. The company has a strong focus on customer satisfaction, quality and competitive total repair cost. In 2015, the company had a turnover of approximately 18 MEUR and completed more than 14,000 repairs.

The Group plans to continue growing through organic initiatives as well as add-on acquisitions, but will continue operating under different brands in Sweden and Finland.