Kamux enters Helsinki Stock Exchange
Kamux enters the main list of NASDAQ Helsinki Stock Exchange on May 16th, 2017. In connection to the initial public offering, Intera Fund II Ky has sold a part of its ownership in Kamux to institutional investors and private individuals.
Intera invested in Kamux in December 2011 to support the company’s growth strategy and internationalization. After Intera’s investment, Kamux has continued its rapid growth and increased its turnover from 74 million euros in 2011 to 405 million euros in 2016. Simultaneously, the company has grown its operations in Finland, as well as expanded internationally to Sweden and Germany.
Kamux is a used car retail chain. Kamux’s business is based on a combination of showrooms and online presence, professional buying and selling of used cars, low fixed costs, rapid inventory turnover and sale of integrated services.
Kamux has 39 showrooms in Finland, nine in Sweden and two in Germany. Since its establishment, Kamux has sold more than 140,000 used cars. After the IPO, Intera continues to be the largest shareholder for Kamux.