Back    30.03.06

FSN Capital II acquires Alignment Systems AB and operations from 3i Group PLC an

3i Group Plc and funds advised by Euroventures Management AB, incl. Sjätte AP-fonden, have today entered into an agreement to sell all of the shares in Alignment Systems AB and related operations to FSN Capital II.

Alignment Systems AB is the world leading provider of collision repair and alignment concepts. Alignment Systems is globally represented through Car-O-Liner and Josam subsidiaries and national distributors in more than 60 countries. More than 35 000 Car-O-Liner collision repair systems are in use around the world. Alignment Systems provides systems, tools and methods for the entire repair and maintenance process – from the first analysis of the damage status – to the final quality check –ups, prior to the returning of the vehicle.

“FSN Capital, with its experience from Kongsberg Automotive ASA, sees great potential in the further development of the unique product range and service portfolio”, says Henrik Lisæth, Partner, FSN Capital.

“From a strong industrial platform, Alignment Systems has developed its position both within passenger car and truck repair. We are pleased to see that the company has significant growth opportunities going forward”, says Jens Hansson, Partner Euroventures Management

“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”, says Christer Nilsson, Director 3i Nordic and advisor to 3i Group plc.
The agreement between 3i Plc, the funds advised by Euroventures and FSN Capital is an all cash transaction where all shares in Alignment Systems AB are acquired. The parties have agreed not do disclose the transaction amount.