Kamux acquires Webcars Logistics AB, a company specializing in purchase, logistics and export of used cars

Kamux, an omni-channel company specialized in preowned cars and related integrated services, has acquired the privately-owned Swedish Webcars Logistics AB. With the acquisition Kamux significantly strengthens its capabilities to efficiently source cars that are relevant to its customers. In addition, the acquisition enables more efficient car logistics.

Webcars Logistics AB, founded in 2016, is a privately owned entrepreneur-led operator specializing in the purchase, logistics and export of used cars. Webcars’ annual revenue in 2023 was approximately EUR 28 million and it has six employees, all of whom will transfer to Kamux. A large part of the approximately 2,500–3,000 cars bought and sold annually by the company have been sold in Finland, but the company also has customers in several other countries in Europe. Under Kamux's ownership, Webcars will continue to operate as an independent unit continuing to serve its existing customers. Going forward, it will be reported as part of Group functions.

Tapio Pajuharju, CEO of Kamux Corporation: “Professional and efficient sourcing of cars and logistics are an important part of improving our operational efficiency which is at the core of our strategy. We are very pleased to have the entire Webcars team and know-how to strengthen our operations. Webcars has a proven track record of successfull sourcing of cars in Sweden and their logistics concept has been proven to be functional and cost-effective. We believe there is significant growth potential in Webcars’ volumes and we look forward to a deeper cooperation with the Webcars team in all our three markets.”

For further information, please contact:
Tapio Pajuharju, CEO, Kamux Corporation, tel. +358 50 577 4200
Katariina Hietaranta, Head of Communications, Sustainability and Investor relations, tel. +358 10 420 8831

Kamux Corporation
Communications

Kamux is a retail chain specialized in preowned cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. In addition to digital channels, the company has a total of 71 car showrooms in Finland, Sweden and Germany. Since its founding in Hämeenlinna, Finland, in 2003 the company has sold over 500,000 used cars, 68,257 of which were sold in 2023. Kamux’s revenue in 2023 was EUR 1,002 million and its average number of employees was 885 in terms of full-time equivalent employees. Kamux Corporation is listed on Nasdaq Helsinki Ltd. For more information, please visit www.kamux.com