Asset ManagerMichael Allen
Overview
- Sector transport
- Vehicle AEIF2
- Investment Year 2022
- Status Invested
- Country Sweden
Key Metrics
- Ownership 100%
- GRESB 2023 5th out of 8 Other Transport
- Employees +500
- Annual Inspections 1.5m
- Stations 97
- Customers annually 1.5m
Market
- Heavily regulated market with high barriers to entry
- Mandatory nature of the services provide highly visible and robust cash flow profile
- Sweden’s strong macro environment supports the growth in underlying demand for vehicle tests and related inspection
- Industry displays resilience to macro-economic conditions, exogenous events and business cycles
Asset
- A leading operator in mandatory periodic technical inspections for light and heavy vehicles, complemented by re-inspections, and voluntary and registration inspections
- Presence across Sweden with a strong footprint in the more densely populated Stockholm area and a leading position in the northern parts of the country
- Established as a premium provider of inspections with a focus on customer service and satisfaction
- Compelling ESG attributes being part of a critical component of safety and environmental controls