Autocirc: a dynamic sustainability pioneer | Nordic Capital
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Autocirc: a dynamic sustainability pioneer

Founded in Borås in 2019, Autocirc has emerged as a leader in the automotive aftermarket. In 2023, Nordic Capital made a strategic investment in the company to accelerate its rapid growth. Since investment, Autocirc has embarked on an ambitious journey marked by 17 strategic acquisitions in Sweden, Norway, and Finland, as well as expansions into new European markets, including France and Portugal.

Market leadership through strategic M&A and European expansion

Autocirc is a fast-growing and profitable group in the automotive aftermarket, with a circular business model built on a closed-loop ecosystem for reused and recycled automotive original spare parts. By extending the lifecycle of auto parts, Autocirc not only significantly reduces emissions and climate impact but also delivers exceptional value for its customers, lowering the financial barriers to repairs and promoting the prolonged use of vehicles.

Strategic acquisitions are integral to Autocirc’s growth and commitment to the circular economy, focusing on market consolidation and sustainability. By acquiring businesses aligned with its environmental goals, Autocirc aims to reduce environmental impact and maximise resource efficiency.

With support from Nordic Capital, Autocirc is expanding its presence in key markets like the Nordics and France, while exploring new markets across Europe. Simultaneously, the company continues to strengthen its position in the Nordics.

A structured and internally resourced approach to M&A further supports Autocirc’s acquisitive strategy, enhancing operational efficiency and scalability. This approach enables Autocirc to build a robust network of partnerships, ensuring continued expansion while maintaining its commitment to sustainability and innovation.

Strengthening the organisation

To thrive in an increasingly internationalised environment and drive digitalisation, expansion and efficiency, Autocirc has strategically strengthened its organisation.

The company has invested in new operational capabilities, focusing on M&A, commercial and operational excellence, digitalisation, automatisation and sustainability. These key leadership roles are essential as Autocirc scales its capabilities to support growth across its expanding markets.

A business model with sustainability at its core

Autocirc's business model is fundamentally sustainable, with a strong commitment to sustainability principles embedded in the company's strategy. A cornerstone of Autocirc’s efforts is its ability to drive carbon avoidance and efficiency through its circular business model, which includes dismantling 40,000+ vehicles annually to reuse and recycle original spare parts.

In the past few years, Autocirc has made significant progress in advancing its sustainability agenda. This includes the completion of a comprehensive decarbonisation plan, identifying critical data and levers for reducing emissions.

Furthermore, Autocirc has developed more standardised and transparent ESG reporting and strengthened governance practices.

Investment Rationale:

  • Autocirc leads the industry with a circular business model, offering sustainable aftermarket services that significantly reduce emissions and climate impact.
  • The company’s business model aligns with European demand for spare parts, benefiting both the market and the environment.
  • Positioned for further expansion in existing and new markets, leveraging its scalable business model and operational expertise.

"Nordic Capital is instrumental in enabling Autocirc's growth by leveraging its extensive international network and expertise in scaling businesses within our sector."

Hugues Delval, CEO Autocirc

How can the recent acquisitions strengthen Autocirc?

"Our mission is to give new life to cars by maximising the reuse of components. Every acquisition enhances our circular business model as we build the #1 ecosystem shaping the industry and driving a positive impact across Europe."

What support has been given by Nordic Capital?

"Nordic Capital is instrumental in enabling Autocirc’s growth by leveraging its extensive international network and expertise in scaling businesses within our sector. Nordic Capital's support is crucial for advancing our platform development, enhancing operations, and accelerating market expansion."

"With Nordic Capital's emphasis on sustainability, they assist us in embedding responsible business practices across our operations. Together, we aim to lead our industry in environmental stewardship, pursue strategic add-ons, and further strengthen our organisation with a commitment to sustainable and ethical growth."

What does the future hold for Autocirc?

"As Autocirc continues to expand, the future holds great promise. With a robust strategy and the support of Nordic Capital, we aim to redefine sustainability within the automotive sector, leading the charge towards a more circular economy."

Autocirc Logo RGB (1) (2)

SECTOR

Services & Industrial Tech

REVENUES 2023

EUR 195 million

EMPLOYEES

1020

OWNERSHIP

Evolution

INVESTMENT DATE

2023

HEAD OFFICE

Borås, Sweden