Werksta Follo
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Werksta Follo - overview
Established
1991
Location
-, -, Norway
Primary Industry
Retail
About
Werksta Follo provides specialized automotive repair services focusing on body and collision repairs, ensuring effective solutions for motorists regardless of insurance provider or vehicle brand. Founded in 1991 in Norway, Werksta Follo focuses on offering automotive repair services. In October 2021, Werksta Sweden AB acquired Follo Bilskade AS, which subsequently changed its name to Werksta Follo. The acquisition aims to strengthen Werksta's operations in the car damage repair sector.
The company was established by a group of individuals with experience in the automotive industry, although specific founder details are not available. Its headquarters is located in Follo, Norway. Werksta offers a comprehensive range of automotive repair services, specializing primarily in body and collision repairs. Their core offerings include free damage assessments, which are completed in under 30 minutes, and various repair methods such as paintless dent repair and traditional body repair techniques.
The company caters to all motorists, regardless of the insurance provider or vehicle brand, ensuring accessibility for a diverse client base. Werksta operates in Norway and serves a wide geographical market, including urban centers where vehicle accidents are more common. Additionally, they prioritize environmental sustainability within their operations, highlighting their commitment to responsible practices in the automotive repair industry. In 2022, Werksta generated revenue of USD 1,949,196.
30 with an EBITDA of USD 71,330. 90 for the same year. The company generates revenue through direct-to-consumer transactions involving their repair services, typically through customers booking appointments for damage assessments, followed by the necessary repairs based on evaluations. The pricing structure is designed to be transparent, with costs associated with specific repair services; however, detailed pricing plans are not publicly disclosed.
Their offerings include flagship services such as digital damage assessments and various repair techniques tailored for different vehicle types, including electric and hybrid cars, promoting an efficient workflow that enhances customer satisfaction and maintains steady revenue generation. Following the acquisition in October 2021, Werksta plans to leverage the integration of Follo Bilskade AS to expand its operations in Norway. The company aims to strengthen its position in the car damage repair chain sector. Recent funding from the acquisition will be utilized to enhance operational capabilities and market reach, solidifying its presence in the automotive repair industry.
Current Investors
Werksta Sweden AB
Primary Industry
Retail
Sub Industries
Automobile Repair, Automobiles, Other Vehicles & Parts
Website
www.aklakk.no
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Werksta Follo - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Werksta Follo | - |
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