Vinge has advised Bilia AB (publ) ("Bilia") in connection with the acquisition of Upplands Motor Stockholm AB. The acquired company reported a turnover of approximately SEK 1.2 billion and an operating profit of approximately SEK 48 million for 2020. The acquisition was subject to approval from the Swedish Competition Authority.
Upplands Motor Stockholm AB is an authorized distributor for Mercedes that conducts sales and service operations for Mercedes passenger cars, vans and trucks at four facilities in the Stockholm area. Bilia took possession of the acquired company on 1 July 2021. Upplands Motor Stockholm AB has approximately 250 employees.
Vinge's team primarily consisted of Christian Riddarbo, Linus Adolfsson (M&A), Edin Agic (company law), Hampus Olsson (real estate law), Björn Nicolai (EU and competition law), Anna Backman (employment law and EU and competition law) and Alexander Lindeberg (intellectual property law). Magnus Pauli was the responsible partner.