Gernandt & Danielsson advised TÜV SÜD AG (“TÜV SÜD”) in connection with the acquisition of Carspect Group Holding AB (“Carspect”) from IK Partners.

Founded in 1866, TÜV SÜD has approximately 28,000 employees located across over 1,000 locations. TÜV SÜD provides services in the areas of testing and certification, inspection, auditing and system certification, technical consulting and training.

Carspect is a leading provider of vehicle inspection services in Northern Europe. Carspect has more than 150 stations in Sweden, Estonia and Latvia. The service offering includes Periodic Technical Inspections, registration inspections, voluntary checks and related services for passenger cars, light trucks, buses and lorries.

Gernandt & Danielsson advised TÜV SÜD with a team led by partner Fredrik Palm, senior associate Simona Stenborg and associate Einar Brunsberg, primarily assisted by partners Foad Hoseinian (Competition) and Mikael Bolling (Financing) and senior associates Pierre Olsson (Corporate), Astrid Svensson (Data protection, IT and Technology) and Sara Öhrlund (Real property) and associates Alexander Thörnberg (Financing) and Sofia Hagelqvist (Regulatory).