Nordhaven advised RAC Group in the sale of Dekk1 and Gummi Centralen to NTG/Altor

14 may 2021

One of the leading players within the tyre industry in Norway, RAC Tyres, consisting of Dekk1 and Gummi Centralen, has been acquired by Nordic Tyre Group AB (NTG) / Altor.

We believe it is truly exiting to become a part of NTG’s expansion in Norway. In a changing car and tyre market it is important to be a part of a larger group to ensure competitive edge and to be able to attract the most competent people
- Dag André Gimle Johansen, CEO of RAC Tyres.

RAC Tyres consists of the wholesaler Gummi Centralen and retailer Dekk1. The groups combined revenue in 2020 was approximately NOKm 500 with an EBITDA of approximately NOKm 21. 

In parallel NTG has acquired Starco Norge and Dekkteam - another substantial player in the Norwegian tyre industry.

NTG will, together with the new Norwegian acquisitions, become the leading independent distributor of tyres and rims across Norway, Sweden, and Finland. Post-acquisition NTG will distribute close to two million tyres per year with more than 2.3 billion NOK in revenues.

We are very impressed with the development of the Norwegian companies acquired, a result of highly competent management and personnel. We look forward to working closely together across the three countries, however with local strategy and presence…”
- Mats-Ove Eriksson, CEO Nordic Tyre Group

We are proud to enter into a partnership with management and former shareholders with an impressive experience from the tyre industry. We will continue to invest significant resources in further growth
- Pål Stampe, Chairman Nordic Tyre Group and Partner in Altor

About RAC Tyres:

RAC Tyres consists of Gummi Centralen and Dekk1. Gummi Centralen is a leading wholesaler of tyres in Norway with amongst other exclusive distribution rights to Pirelli and Maxxis. Gummi Centralen sold approximately 200 000 tyres in 2020. Dekk1 is the biggest independent tyre retailer in Norway with 25 wholly owned stores / tyre hotel and 35 partnership stores / tyre hotel. Dekk1 has through strategic focus become a leading provider of tyre hotel services with ~320,000 winter and summer tyres stored.

About Nordic Tyre Group:

NTG was established in 2019 as a partnership between the private equity firm Altor and founders of Gummigrossen and RengasDuo, the leading wholesalers of tyres in Sweden and Finland, respectively, with the ambition to become the #1 independent tyre distributor across the Nordics.

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