Mobivia Groupe, European leader in maintenance and equipment for multi-brand vehicles is acquiring a majority shareholding in pure player Bythjul.com, a longstanding online retailer and Nordic market leader.
Bythjul.com was previously owned by venture capital fund Verdane Capital V, specialised in ITC firms, and by its founders.
Pursue international expansion and speed up its development in ecommerce.
With an international presence in 12 countries (France, Spain, Portugal, Italy, Belgium, Austria, Romania, Poland, Russia, Argentina, Morocco and Algeria), Mobivia Groupe has now extended its operations to the markets of the Nordic countries. By acquiring Bythjul.com, Mobivia Groupe also aims to strengthen its e-commerce activities, developed in its various activities and especially through its website Oxyo-pneus.fr, launched in 2011.
“By investing in Bythjul.com, we aim to build our skills, boost our share of the e-commerce market in Europe and enhance synergies between the Group’s various brands. Bythjul.com has a strong set of assets which complement our own”
Olivier Mélis, Member of the Executive Committee at Mobivia Groupe in charge of development.
Strength positions according to synergies
Bythjul.com, incorporated in Sweden in 2002, is now a leading web-seller of tyres and wheel rims in Sweden, Norway, Denmark and Finland. It offers consumers a broad range of products from the world’s largest manufacturers, including Nokian, Michelin, Pirelli and Goodyear.
“Having an industrial partner such as Mobivia Groupe represents excellent coming potential for profits and growth. With the synergies that we will generate, we have every opportunity to strengthen our positions in the Nordic market”
Torkel Hallander, CEO of Bythjul.com.
Bythjul.com was previously majority-owned by venture capital fund Verdane Capital V, operating in the Nordic markets and benefiting from recognised expertise in financial support for e-commerce businesses. Verdane Capital Advisors has had an important role in the development of Bythjul.com as a pure player. The company went international in 2006, since when it has quintupled its revenues.
“Bythjul.com, like the other e-commerce companies backed by Verdane, has revolutionised the online retail industry. The company has won a leading position in the Nordic market by focusing on value-added services, reasonable prices, fast delivery and excellent customer services. With the support of Mobivia Groupe, we believe that Bythjul.com will continue to grow.”
Pål Malmros, a partner at Verdane Capital Advisors.
Please download here the entire Press release : Bythjul.com press release