Sunday, 30 April 2006 17:00

Car-O-Liner gets new owners in venture capital deal

3i Group Plc and funds advised by Euroventures Management AB, incl. Sjätte AP-fonden, have entered into an agreement to sell all of the shares in Alignment Systems AB, parent of Car-O-Liner and Josam subsidiaries, to FSN Capital Limited Partnership II. 

In connection with the change of ownership, Peter Afzelius will take over the position as President of Alignment Systems AB and replace Managing Director Jan-Peder Dareus.

In addition to Car-O-Liner and Josam, Alignment Systems AB has national distributors in more than 60 countries. More than 35,000 Car-O-Liner collision repair systems are in use around the world.

"We are very pleased with our investment in Alignment System and are glad to have contributed to the development of the strong market position that the company has secured within its segment - a position which provides opportunities for further growth for the company and its new owners," said Christer Nilsson, Director 3i Nordic and advisor to 3i Group plc.