Nordic Tyre Group

When rubber meets the road

Nordic Tyre Group is the leading independent tyre distributor across the Nordic and Baltic markets. The Group was established in 2019 as a partnership between Altor and founders of Gummigrossen (the market leader in Sweden) and RengasDuo (the market leader in Finland). Since then, the Group has expanded to- and taken leading positions in Norway and the Baltics through acquisition of majority stakes in Starco, Gummi-Centralen, Dekkteam, Dekk1 and Latakko (alongside previous owners).

 

Why we believe in Nordic Tyre Group

  • Cyclical-resilient market with structural underlying growth, accelerated by increased penetration of electrical vehicles
  • Independent distributors an integral part of the value chain, driven by continued product proliferation
  • Nordic Tyre Group with best-in-class operating model (proven through superior margins) well positioned to continue capture market shares and drive consolidation of a fragmented Nordic and Baltic tyre distribution market

About Nordic Tyre Group

2023 turnover (CY)

EUR 352M

Employees

~470

Investment date

Jul 2019

Fund

Fund IV

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