Orio AB, formerly Saab Automobile Parts AB, has signed a contract with Nevs, acquiring all the tools located at suppliers and used for producing Saab Original spare parts for all existing Saab models. This secures that Orio can ensure the long-term availability of Saab Original spare parts for all Saab cars globally.
The company changed its name from Saab Automobile Parts North America to Orio in November 2013. It has been responsible for Saab Automobile spare parts handling since the 1960s and is the sole distributor of the entire range of Saab Original parts. The company is headquartered in Troy, Mich., with its parts distribution center in Bethlehem, Pa.
“This is a strategically important acquisition, which safeguards the production of Saab 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. Saab owners, workshops and other customers all over the world are now guaranteed a supply of spare parts well into the future,” said Jonas Tegström, CEO of Orio AB.
The purchase includes 12,500 tools for manufacturing of spare parts for all existing Saab models. Orio previously had the right to use the tools, but has now taken over full ownership. The tools are located with the suppliers that produce Saab Original parts. The suppliers have been informed about the change of ownership and production of spare parts will continue as normal.
Nevs and Orio AB already have a cooperation agreement concerning the distribution and support of 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.
“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 Saab Original parts and are expanding our customer base and network of workshops in order sell our products more widely,” added Tegström.