Clas Ohlson takes over Spares

Clas Ohlson has finalised the previously announced acquisition of Spares Europe AB. Spares Europe AB is a producer for spare parts and accessories for electronics as well as batteries.

Spares has since the start in 2012 grown in the market for spare parts and reuse of electronics, as well as towards the shift to battery-powered products. Spares includes sales channels such as Teknikdelar and Batteriexperten. The business has around 75 employees, with its headquarters and distribution center in Malmö.

According to Clas Ohlson, an ever-growing demand for circularity and “the right to repair” is expected to be a strong and enduring structural driver within retail going forward. The market for the reuse of electronics is therefore relatively underdeveloped in the Nordics, with considerable potential for growth as consumers and companies increasingly are choosing spare parts, repairs, and reuse rather than buying new units.

Clas Ohlson announced on 2 October 2023 that the company had entered into an agreement to acquire approximately 91 per cent of the share in Spares Europe AB. All conditions for the transaction, including regulatory approvals from competition authorities, have now been fulfilled and thus the transaction has been finalised, the company wrote in a statement on 8 October.

Spares will continue to run operations as a separate company under a decentralised structure and will be consolidated into the Clas Ohlson Group as from the third quarter 2023/24.