Accent acquired Autotube in 2011, with management and certain board members investing alongside the fund. Autotube, established in 1956 as AB Hevas, is a leading provider of tubes for air and fluid distribution for passenger cars, trucks and buses, with two manufacturing plants in southern Sweden. The company has leading positions with all three large Swedish automotive manufacturers and additional sales to a number of other major manufacturers. Accent saw an opportunity to revitalise and strengthen the management team, increase share of wallet with existing customers, diversify the customer base and improve productivity. After outperforming the company’s business plan, Autotube was sold to French automotive sub-supplier MGI Coutier in April 2014.
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