Transaction encompassed Danish FTZ Autodele & Verktoj A/S and Polish Inter-Team sp. z o.o.
HELLA GmbH & Co. KGaA, one of the world's leading automotive suppliers for lighting and electronics, sold them to the Swedish wholesaler, Mekonomen AB.
The purchase price was around EUR 395 million (+ profit equivalent).
FTZ and Inter-Team employ a total of around 2,500 people. The two wholesalers achieved total sales of around EUR 480 million in the 2016/2017 financial year.
Transaction is expected to close in the 3rd quarter of 2018.