Volati AB (publ) ("Volati") has signed an agreement to sell all shares in Besikta Bilprovning i Sverige Holding AB ("Besikta Bilprovning") to Applus+. The transaction is taking place at an estimated enterprise value of approximately SEK 1,050 million and is expected to generate a capital gain of SEK 750 million for Volati.

Since its acquisition by Volati in 2013, Besikta Bilprovning has developed into one of the leading vehicle inspection companies in Sweden, and among other things has the country's largest station network, consisting of 185 inspection stations in 152 locations. In 2019, Besikta Bilprovning had sales of SEK 618 million and EBITA of SEK 82 million.

The transaction is conditional on Swedac (the Swedish Board for Accreditation and Conformity Assessment), which is the supervisory body for accreditation to conduct inspection operations, confirming that the change of ownership does not affect Besikta Bilprovning's accreditation. Completion will take place after receiving such confirmation from Swedac, which is expected to be in November 2020.

Volati is a Swedish industrial group, formed in 2003, with operations in 16 countries, over 2,000 employees and annual sales of approximately SEK 7 billion.

Gernandt & Danielsson advises Volati with a team consisting of Partner Mikael Borg, Senior Associate Gabriel Zsiga and Associates Ludvig Berglönn, Andreas Lexhag and Viktor Borg.