One of the largest Portuguese-controlled businesses anywhere in Scandinavia just became wholly Portuguese. On 30 June 2026, Salvador Caetano Group completed the acquisition of Hedin Mobility Group’s entire stake in Hedin Caetano AB, the company responsible for the import and distribution of Renault, Dacia and Alpine in Sweden, Denmark and Norway. The joint venture that brought the Vila Nova de Gaia group into the Nordic market four years ago is over — and what replaces it is sole Portuguese ownership of a three-country automotive distribution platform.
What changed hands. Under the agreement, announced on 23 June with completion and the effective transfer of activity set for 30 June 2026, ownership of Hedin Caetano AB and all of its operations in RN Nordic (the import and distribution arm) and RN Automotive (the retail arm) is now fully consolidated under Salvador Caetano. The value of the transaction was not disclosed. In the same deal, RN Automotive is also acquiring the Renault and Dacia retail operations at three Hedin Automotive dealerships — Eskilstuna, Tagene and Åbro in the Gothenburg area — which join the group’s existing Stockholm-region sites at Spånga and Haninge.
From joint venture to sole owner. The buyout is the logical end-point of a partnership that began when Salvador Caetano and Anders Hedin’s mobility group teamed up to take over Renault Group’s Nordic import business. “The partnership with Hedin Mobility Group allowed us to establish a solid base,” said Sérgio Ribeiro, Executive Board Member and CEO of Global Automotive Distribution at Salvador Caetano Auto, adding that the group expects to “continue developing the Renault, Dacia and Alpine brands for the benefit of customers and dealers in Sweden, Denmark and Norway.”
Anders Hedin, CEO of Hedin Mobility Group, called the sale “the natural evolution” after four years of collaboration, allowing RN Nordic and RN Automotive to move forward under a single shareholder while his group simplifies its own operations. Hedin Mobility is not leaving the brands behind: it remains a significant retailer of Renault and Dacia in Sweden through its Hedin Automotive dealer group — now as Salvador Caetano’s customer rather than its partner.
The scale of the Portuguese side. Founded in 1946, Salvador Caetano is one of Portugal’s largest privately held industrial and mobility groups: more than 9,000 employees across 45 countries on three continents, over 100 companies, and an aggregate 2025 turnover of approximately €5 billion. Its activities span bus and coach manufacturing (CaetanoBus), aeronautics work, vehicle import and distribution, industrial equipment, and after-sales networks. The Nordic distribution business sits squarely in the group’s core competence: it has been Toyota’s importer for Portugal since 1968.
The counterparty is no small player either. Hedin Mobility Group is one of Europe’s largest mobility providers, with around 11,000 employees, operations in 13 countries, and 2025 revenue of roughly SEK 90 billion (€8.1 billion) on approximately 260,000 vehicles sold. That a group of this size chose to hand full control of a three-country import franchise to its Portuguese partner — while staying on as a retail customer — says something about how Salvador Caetano’s operational credibility has landed in the Nordic market.
A quiet giant of the corridor. For readers tracking the Portugal–Scandinavia corridor, this deal consolidates what is arguably the single largest Portuguese commercial operation in the Nordics. NorthSouth HQ reported in May on RN Automotive’s takeover of the Renault hubs in Haninge and Spånga; the full buyout now adds three more Swedish retail sites and, more importantly, removes the shared-ownership structure over the entire import layer. Every Renault, Dacia and Alpine sold through the official channel in Sweden, Denmark and Norway now flows through a Portuguese-owned distributor.
What to watch next. Salvador Caetano’s playbook in Iberia has been to layer services — finance, used vehicles, after-sales, mobility subscriptions — on top of distribution volume. Whether that model is now exported north is the question that matters. The group has expanded its Nordic footprint twice in two months; with Renault refreshing its EV line-up and Dacia among Europe’s fastest-growing budget brands, the platform Salvador Caetano now fully owns is positioned in the segments where Nordic volume is actually growing. For Portuguese industrial groups eyeing Northern Europe, the message is blunt: the corridor works at scale, and it works in both directions.