On November 26th, 2009, Mr. Adam Szewczyk, the Chairman of Inter-Team Sp. z o.o. with its office registered in Warsaw, and Mr. Jens Soerensen, the Chairman of Nordic Forum with its office registered in Odense in Denmark, signed a partner agreement on the acquisition of 50% of shares in Inter-Team Sp. z o.o. by Nordic Forum. .
This co-operation will be a strategic move aiming at strengthening Inter-Team's position on the Polish market of car parts, accessories and garage equipment. For Nordic Forum, this investment is a step which enables them to enter Polish market by co-operating with a leading distributor and one of the fastest growing companies in this sector in Poland.
"Being part of Nordic Forum, Inter-Team will benefit from its strong market position and know-how of a leading distributor of car parts in Northern Europe - starting from purchase through logistics to sale" underlined Adam Szewczyk, Inter-Team's shareholder and chairman. "Through deeper co-operation we make it clear how important is Polish market of car parts for our company's further development. Inter-Team's market experience is an extraordinarily important and promising factor" - said Jens Soerensen, Chairman of Nordic Forum on the occasion of signing the agreement.
"We join our forces so that Inter-Team grows - even more successfully - in Poland" the partners say unanimously.
Nordic Forum Holding A/S, Odense, Denmark: Nordic Forum is a company which belongs to the Hella KGaA Hueck & Co Firm with its office registered in Lippstadt, Germany.
The Hella corporation develops and produces components and lighting and electronics systems for the car industry. Hella has one of the world largest trade organizations on the market of car parts, accessories and garage equipment. With a turnover of 3.3 billion EUR and 23,000 employees in 70 locations in over 30 countries, the Hella Group co-operates as an independent family company with 50 largest car manufacturers. The Hella company is among 100 largest German industry enterprises.
Nordic Forum is an association of leading wholesale car part companies operating in Denmark, Norway, Russia, Finland, Ireland and the Baltic States. Together with Inter-Team, the group will achieve a turnover of EUR 400 million in 2009. In the Nordic Forum Group, the leading companies are: FTZ in Denmark and Hellanor in Norway.
Inter-Team Sp. z o.o., Warsaw, Poland: Inter-Team with a turnover of PLN 275 million and over 600 employees, belongs to the leading and fastest growing players on the distribution market of car parts, accessories and garage equipment in Poland. Inter-Team's long established and highly efficient sale network, with 25 branches and qualified salespeople in the whole country, enables appropriate attitude to the customers and their satisfaction. Inter-Team co-operates with the largest suppliers from all over the world and delivers its products to wholesalers, shops and garages. In order to expedite further development and achieve continuous success, the company opened a modern logistics centre and a new headquarters in Warsaw agglomeration in 2009.