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SWEDEN: Orio acquires Nevs Saab spare parts tools

By Graeme Roberts | 23 December 2014

Orio OEM parts will be made for older Saabs and the small number of cars Nevs built recently before pulling the plug after its funding ran out

Orio OEM parts will be made for older Saabs and the small number of cars Nevs built recently before pulling the plug after its funding ran out

Orio AB, formerly Saab Automobile Parts AB, said it had signed a contract with Nevs and has acquired all the tools located at suppliers and used for producing original [OEM] spare parts for all existing models.

"This secures that Orio can ensure the long-term availability of [original spare parts] for all Saab cars globally," the parts supplier said.

"This is a strategically important acquisition which safeguards the production of [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. Owners, workshops and other customers all over the world are now guaranteed a supply of spare parts well into the future," said Orio CEO Jonas Tegström in a statement.

The purchase includes 12,500 tools. Orio previously had the right to use those but has now taken over full ownership. The tools are located at the component suppliers.

"The suppliers have been informed about the change of ownership and production of spare parts will continue as normal. Nevs and Orio already have a cooperation agreement concerning the distribution and support for 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," Orio said.

"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 [original parts] and are expanding our customer base and network of workshops in order sell our products more widely," added Tegström.