AutoVex has been acquired by Schibsted

Goril­la Fund I port­fo­lio com­pa­ny Auto­Vex has been acqui­red by Schibs­ted! 
 
22.12.2022  

Schibs­ted has today ente­red into bin­ding agree­ments to acqui­re 79% of AutoVex. 

 
“AutoVex’s mis­sion is to crea­te the most effec­ti­ve way to buy and sell used cars onli­ne, whilst pro­vi­ding the best pos­sible user expe­rience for both con­su­mers and car dea­lers. Schibs­ted and Auto­Vex sha­re a vision for next gene­ra­tion mar­ketplaces and by com­bi­ning forces, we’re able to furt­her acce­le­ra­te our growth and mar­ket posi­tion.” says Sebas­tian Frick, Foun­der of Auto­Vex. 
 
Schibs­ted has seve­ral lea­ding brands in the Motor ver­tical across the Nor­dics, inclu­ding FINN, Nett­bil, Carweb and Honk in Norway, Bil­ba­sen and DBA in Den­mark and Bloc­ket and Byt­bil in Swe­den. 🚘 
 
Read more from Schibsted’s press relea­se: https://schibsted.com/news/schibsted-acquires-finlands-leading-used-car-c2b-auction-marketplace-autovex/