Stam Groep has successfully sold the activities of its subsidiary Terberg Autoschade to Care Schadeservice. Financial details of this transaction have not been made public.
Terberg Autoschade is a car bodywork repair shop located in IJsselstein, the Netherlands.
Care Schadeservice is the largest car bodywork repair company in the Benelux region. The company has 66 locations throughout the Netherlands and Belgium.
Stam Groep is a family-owned company active in the automotive sector and specialized in Renault, Opel, Dacia and Chevrolet. With 12 locations, Stam ranks as a top-15 car dealership in the Netherlands. In addition, the company provides maintenance, leasing, insurance services and bodywork repair services.
Oaklins' small cap advisory team in the Netherlands advised the seller in this transaction.
Jan-Geerlof de Ruiter, CEO of Stam Groep, commented: “We are very pleased to have successfully completed this transaction. The Dutch team has clearly demonstrated its automotive industry expertise. We also see the "human touch" of our advisors as a contributing factor to this successful divestment.”
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