To drive more competition in the spare parts market, since 2011 the industry across the EU has been subject to regulations under which OEMs may not hinder their suppliers from also supplying their products as spare parts to independent distributors.
found an investor with values that are fully aligned
We have been working closely with John and his team on this transaction over the past year. In Volpi Capital, Clearwater International found an investor with values that are fully aligned to Version 1’s core values and we believe that Volpi is an excellent fit for the next phase of the company’s growth. We would like to thank the Clearwater team for negotiating a strong result for the shareholders and for working tirelessly to ensure the transaction completed on time.