Cary Group has signed an agreement to acquire 100% of Hellestö Karosseri in Stavanger, Norway. The company specializes in damage repair with the largest insurance companies as customers. Hellestö Karosseri is an authorized service and damage workshop for Tesla, Jaguar, Range Rover and other major brands. The company founded in 2003 has served as a franchise workshop for MPS Bilskade, which Cary Group has already owned since 2007.

Acquisition of Hellestö Karosseri: Strengthening our Presence in the Norwegian Damage and Paint Repair Market

“We are pleased to welcome Hellestö Karosseri to Cary Group and part of our Norwegian company MPS Bilskade. This is the third acquisition in Norway with a focus on damage and paint repair and thus a good complement to our business for replacing and repairing of vehicle glass. The expansion of our service offering is an attractive offer to insurance companies and Stavanger is an important location as part of the expansion of our workshop network.

Hellestö Karosseri: A Strong and Profitable Acquisition with Steady Growth

Hellestö Karosseri is a very well-run business with a good leader in Karsten Hermansen and we look forward to working together with Karsten and his employees, says Mats Green, Nordic Manager for Cary Group. Karsten Hermansen, who remains with the company as manager, runs the company founded in 2003. Hellestö Karosseri has 25 employees, the majority of whom are damage technicians. The turnover for 2022 amounted to NOK 46 million. Cary Group will complete the acquisition on the first of August.