TBAuctions to Integrate Klaravik as Part of European Roll-out
June 2, 2022
TBAuctions (majority-owned by funds managed by Castik Capital, with Summa Equity as a minority shareholder) has signed a declaration of intent to join forces with Klaravik AB, a Karlstad-based online auction platform for used heavy machinery, vehicles and equipment. The transaction is an add-on consolidation aimed at accelerating Klaravik’s European expansion and scaling TBAuctions’ position as a leading online auction marketplace across Europe.
- Buyers
- TBAuctions, Castik Capital (funds managed by Castik Capital), Summa Equity
- Targets
- Klaravik AB
- Platforms
- TBAuctions
- Industry
- E-Commerce
- Location
- Värmland County, Sweden
- Transaction Type
- Addon
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