Kamux

Kamux is a retail chain specializing in the sale of used cars and related integrated services. In addition to used cars, Kamux’s expertise includes various services such as financing, insurance, and customer liability extension in connection with a used car sale. The company has reinvented the way to sell used cars in the traditional car retail sector.

Intera invested in Kamux in 2011. The company took concrete and decisive steps in implementing its growth strategy right from the beginning of Intera’s ownership: Kamux opened 22 new stores in Finland in 2012–2017 and expanded several existing locations. The company also began international expansion by opening its first store in Sweden in December 2012. At the end of 2015, Kamux expanded further to Germany, Europe’s largest market for used cars. In addition, Kamux brand was strengthened, and its concept was developed with new supplementary services and digital channels.

During Intera’s ownership, Kamux’s revenue increased tenfold from approximately EUR 70 million to over EUR 700 million. The significant increase in revenue was almost entirely organic. Key to the success of value creation was the recruitment and development of an extensive professional management team and a strong Board of Directors, which in turn enabled continued international growth.

Kamux was listed on the main list of the Helsinki Stock Exchange in spring 2017. Intera remained a significant shareholder in Kamux after the listing until September 2020. After Intera exited the investment in 2020, Kamux had a total of 78 showrooms, of which 50 were located in Finland, 20 in Sweden, and 8 in Germany. Kamux’s revenue increased to over EUR 700 million in 2020, of which approximately 30 percent came outside Finland. Additionally, the number of employees increased from 50 at the beginning of ownership to over 710 employees at the time of Intera’s exit.

 

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