Citira AB has acquired Tyrefix Group, a UK leader in tyre repair and replacement services, to strengthen its market presence in the UK and drive growth.

Target Information

Tyrefix Group, supported by Literacy Capital, is one of the UK's premier providers of tyre repair and replacement services specifically for the plant market. Established in 1984, Tyrefix boasts a nationwide presence, serving over 1,500 active customers across more than 20 locations. Under the leadership of Managing Director Oliver Johnson, and his team members Jon Pitman and Steve Bareham, the company has experienced remarkable growth, doubling its revenue in the last five years since Literacy Capital acquired a majority stake.

The management team has successfully driven this growth through both organic expansion and strategic acquisitions, positioning Tyrefix as a leader in off-highway tyre services.

Industry Overview

The tyre management industry in the UK has been witnessing significant transformations, driven by advancements in technology and increasing demand for efficient vehicle maintenance solutions. As businesses seek to minimize