YES Corporate Finance (“YES CF”) successfully advised the shareholder of ABS Den Elzen in establishing a strategic partnership with Werksta, a leading automotive repair group in Scandinavia. With this transaction, Werksta achieves its first expansion outside the Nordics and enters the Dutch market for the first time.
About Den Elzen
ABS Den Elzen is a leading automotive repair group in the western and southwestern regions of the Netherlands and has been operating as a family-owned business since 1948. The company is part of the national ABS network and has nine locations with approximately 200 employees. ABS Den Elzen has built a strong reputation as a reliable partner for, among others, insurance companies and leasing firms. In 2024, the company generated revenue of over €40 million. More information: www.denelzen.nl
Joost den Elzen, CEO and owner of ABS Den Elzen:
“This acquisition is a logical step for our future. With Werksta, we have found a partner who shares our passion for craftsmanship and our focus on people. Together, we will not only strengthen our market position, but more importantly, continue to deliver the quality our customers have relied on for over 75 years.”
About Werksta
Founded in 2015, Werksta is the largest automotive repair group in Scandinavia, with over 100 locations across Sweden, Finland, and Norway. The group operates under the Werksta brand in Sweden and Norway, and under the Autoklinikka brand in Finland, employing around 1,800 people. In 2024, Werksta generated approximately €300 million in revenue. With the addition of ABS Den Elzen, Werksta is now active in four European countries. Werksta is a portfolio company of Swedish investor Procuritas Capital Investors. More information: www.werksta.com
Joel Granath, Group CEO of Werksta:
“We see tremendous potential in Den Elzen and are impressed by their craftsmanship and strong market position. Our shared focus on quality, customer satisfaction, and employee engagement provides the perfect foundation for further growth in the Netherlands.”
Role of YES Corporate Finance
YES Corporate Finance advised and supported the owner of ABS Den Elzen throughout the transaction process. The scope of YES CF’s work included:
- Preparing the Information Memorandum
- Performing a valuation of the company
- Identifying and approaching (international) strategic and financial parties
- Leading discussions and negotiations on price and terms
- Structuring the transaction and coordinating the due diligence process
- Advising on the drafting of transaction documentation
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