Brief: Mekonomen To Acquire Koivunen

Meko AB

14/06/2022 07:11

June 14 (Reuters) - Mekonomen AB  MEKO.ST :
    * MEKO STRENGTHENS ITS POSITION IN NORTHERN EUROPE - EXPANDS
IN
FINLAND AND INTO BALTIC REGION
    * HAS ENTERED INTO AN AGREEMENT TO ACQUIRE KOIVUNEN, LEADING
PROVIDER OF AUTOMOTIVE SPARE PARTS AND RELATED SERVICES IN
FINLAND AND ESTONIA
    * KOIVUNEN ALSO HAS OPERATIONS ALSO IN LATVIA AND LITHUANIA
    * MEKO PLANS TO EVALUATE LONG-TERM OWNERSHIP STRATEGY FOR
PROPERTIES
    * ACQUISITION IS EXPECTED TO GENERATE ANNUAL SYNERGIES OF
SEK 40
MILLION DUE TO COMPLEMENTARY GEOGRAPHICAL PRESENCE
    * ANNUAL SYNERGIES OF SEK 40 MILLION ARE ALSO EXPECTED TO BE
GENERATED BY OVERLAPS IN SUPPLY CHAIN, PURCHASING AND OTHER
OPERATIONAL AREAS, WITH FULL EFFECT EXPECTED DURING 2024

Source text for Eikon:  ID:nWkrc06fkq 
Further company coverage:  MEKO.ST 

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