The Government Sells – Vehicle Inspection Gets German Owner

The Government is selling the Vehicle Inspection Department to a German company for 1.2 billion kronor. This is the absolutely best bid, says Finance Minister Elisabeth Svantesson (The Moderate Party).

» Published: November 15 2024

The Government Sells – Vehicle Inspection Gets German Owner
Photo: Pontus Lundahl/TT

Share this article

The buyer is the German company, TÜV Rheinland, with 22,000 employees.

Through this, Bilprovningen will be owned by a company that has existed for a very, very long time in Germany and is present on several markets. It is a responsible company and there are opportunities for the development of Bilprovningen, says the Minister of Finance at a press conference.

How ordinary car owners will notice the change in ownership is difficult to say, according to Svantesson, but she does not believe it will become more expensive.

I do not see it becoming more expensive because the state does not own Bilprovningen, she says.

This company will nurture the brand and develop the business.

A good bid

The reason the government has decided to sell Bilprovningen now is that they have received a good bid, with several interested parties wanting to buy.

It is good for the company's development. There is no obvious reason for the state to own this particular company, says Svantesson.

Bilprovningen has existed since 1963 and currently has over 100 stations from Skurup in the south to Gällivare in the north. Since 2010, the vehicle inspection business in Sweden has been deregulated.

Since the deregulation, the Swedes have got significantly more actors and places to inspect their cars. It is roughly three times as many today as at the time of deregulation.

More sales on the way?

Before the election, the government parties talked about several companies that were possible for the state to sell, for example, the bank SBAB, Svenska Spel, and the shares they own in Telia.

I do not rule out that there may be more sales during the term of office, but it is not as if we have a large process to get rid of several state-owned companies right now, says Svantesson.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Ørsted Sues Trump Administration Over Halted US Wind Project
1 MIN READ

Ørsted Sues Trump Administration Over Halted US Wind Project

US Private Sector Adds 54,000 Jobs in August, Below Expectations
1 MIN READ

US Private Sector Adds 54,000 Jobs in August, Below Expectations

Goldman Sachs: Fed Uncertainty Could Propel Gold Prices
1 MIN READ

Goldman Sachs: Fed Uncertainty Could Propel Gold Prices

Food Chains in Sweden Promise Price Cuts with VAT Reduction
3 MIN READ

Food Chains in Sweden Promise Price Cuts with VAT Reduction

Experts Criticize Halving Food VAT as Ineffective and Costly
2 MIN READ

Experts Criticize Halving Food VAT as Ineffective and Costly

Sweden to Temporarily Halve Food VAT from April 2026
3 MIN READ

Sweden to Temporarily Halve Food VAT from April 2026

Centre Party Proposes Halving Food VAT and Tax Breaks for Farmers
1 MIN READ

Centre Party Proposes Halving Food VAT and Tax Breaks for Farmers

Sydney Sweeney Campaign Boosts American Eagle Outfitters Stock
1 MIN READ

Sydney Sweeney Campaign Boosts American Eagle Outfitters Stock

Volvo Car Sales Drop 9% in August with Decline in Electric Models
1 MIN READ

Volvo Car Sales Drop 9% in August with Decline in Electric Models

Lyten Plans to Hire Thousands for Northvolt Factory Relaunch
3 MIN READ

Lyten Plans to Hire Thousands for Northvolt Factory Relaunch

Interest Rate Cuts Possible Despite Rising Inflation in Sweden
3 MIN READ

Interest Rate Cuts Possible Despite Rising Inflation in Sweden

Saab Shares Fall Despite Positive Stockholm Stock Market Trend
1 MIN READ

Saab Shares Fall Despite Positive Stockholm Stock Market Trend

China Stock Markets Decline as Japan and South Korea See Gains
1 MIN READ

China Stock Markets Decline as Japan and South Korea See Gains

Government Intensifies Efforts Against Economic Violence Towards Women
1 MIN READ

Government Intensifies Efforts Against Economic Violence Towards Women

Trump Urges Supreme Court to Uphold Tariffs
1 MIN READ

Trump Urges Supreme Court to Uphold Tariffs

Google Fined $425 Million for Privacy Violations
1 MIN READ

Google Fined $425 Million for Privacy Violations

France Fines Google and Shein for Cookie Violations
1 MIN READ

France Fines Google and Shein for Cookie Violations

Google Stock Soars 9 Percent as Wall Street Closes Mixed
1 MIN READ

Google Stock Soars 9 Percent as Wall Street Closes Mixed

EU Faces Resistance Over New Mercosur Trade Agreement
3 MIN READ

EU Faces Resistance Over New Mercosur Trade Agreement

Polestar Faces $739 Million Write-Down Amid US Tariffs and Weak Demand
1 MIN READ

Polestar Faces $739 Million Write-Down Amid US Tariffs and Weak Demand