Axel Johnson International’s business group Transport Solutions strengthens its position in the Nordic market by the acquisition of the Swedish company CDS Produkter AB (CDS), effective June 1st. CDS is a reseller of vehicle components, mainly lights to cars and heavy commercial vehicles.
“The addition of CDS is part of our business group strategy for continued expansion on the growing aftermarket for vehicle lighting. It’s a well-run and profitable company that will make a good addition on its own but will also enable synergies with the other companies in our group,” says Erik Eklöv, Managing Director, Transport Solutions.
Founded in 1980 and headquartered in Kungälv, north of Gothenburg, CDS is a reseller of vehicle components, mainly lights to cars and heavy commercial vehicles. The company supplies both private label products, white labeled products and products from well renowned global manufacturers. Their own private label brand” CAD”, launched in 2005, has had a great growth journey and now generates a significant part of the company’s sales and there is potential for further expansion.
Read the press release here.