The company formerly named Saab Automobile Parts AB, signed a contract with National Electric Vehicles Sweden (NEVS) to gain access to all the original tooling as it attempts to secure the long-term availability of spare parts for existing Saabs across the world.
The purchase sees Orio take full ownership the tools and sees an agreement put in place regarding the distribution of spare parts and vehicles, as NEVS continues to build Saab 9-3s. The deal will also give NEVS access to the tooling for the manufacture of future models, as it strives to carry on the Swedish car maunfacturers vision of innovation by developing electric vehicles.
Jonas Tegström, Chief Executive Officer of Orio, said: “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.
“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.”