22.3.2018

Autovahinkokeskus and Its Shareholders – Sale of the Company to Copart Group

We represented Autovahinkokeskus (AVK) and its shareholders in the sale of the company to the US Copart Inc. group. The acquisition is part of Copart’s network growth strategy in Europe.

AVK was founded in 1966 and is specialised in motor salvage, the sale of replacement trade and insurance company services. It maintains Finland’s largest vehicle auction, which realises over 18,000 vehicles a year. The company’s offices are located in Espoo, Pirkkala, Turku and Oulu, and its network also comprises 21 intermediate storages across Finland.

Copart, Inc. (NASDAQ: CPRT), founded in 1982, is a global leader in online vehicle auctions and insurer services. Copart’s innovative technology and online auction platform links clients with more than 750,000 registered users in over 170 countries. Copart operates in more than 200 locations in 11 countries, now including Finland.