ORIO ACQUIRES ALL THE SUPPLIER-BASED NEVS TOOLS FOR PRODUCTION OF SPARE PARTS FOR SAAB CARS

Orio AB, formerly Saab Automobile Parts AB, has signed a contract with Nevs and has acquired all the tools located at
suppliers and used for producing Saab Original spare parts for all existing Saab models.

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This secures that Orio can ensure the long-term availability of Saab Original spare parts for all Saab cars globally.
“This is a strategically important acquisition which safeguards the production of Saab Original spare parts in the long term
and ensures that we maintain our position as the sole supplier of the entire range of original parts for Saab cars. Saab owners,
workshops and other customers all over the world are now guaranteed a supply of spare parts well into the future,” says
Jonas Tegström, CEO of Orio AB. The purchase includes 12,500 tools for manufacturing of
spare parts for all existing Saab models. Orio previously had the right to use the tools, but has now taken over full ownership.
The tools are located with the suppliers which produce Saab The suppliers have been informed about the change of
ownership, and production of spare parts will continue as normal. Nevs and Orio AB already have a co-operation
agreement concerning the distribution and support of cars produced by Nevs. Nevs will still be able to use the tools to
manufacture parts for its production of the Saab 9-3 and other future models.
“Saab Original parts will be an important part of our business for many years to come and owning the tools will be financially
beneficial. We will continue to increase our market share for Saab Original parts and are expanding our customer base and
network of workshops in order sell our products more widely,” added Jonas Tegström.
orio.com
ORIO ACQU

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