Acquisitions and divestments
2024
31.01.2024
Kesko has completed the acquisition of the Danish builders’ merchant Davidsen
2023
21.09.2023
Kesko continues updating its network of grocery store sites in line with its growth strategy
23.08.2023
Kesko has acquired Geitanger Bygg AS in Norway
Geitanger Bygg AS is a building and home improvement company Bergen, with net sales of €15.3 million in 2022.
23.08.2023
Kesko acquires the Danish builders’ merchant Davidsen and enters Denmark
06.04.2023
Kesko has completed the acquisition of Zenitec Sweden
Kesko’s subsidiary Onninen has completed the acquisition of the solar power system wholesaler Zenitec Sweden. The acquisition will expand Kesko’s role in the renewables segment in Sweden and thus strengthens its position in advancing the green transition. Zenitec Sweden Ab focuses on selling solar energy systems to technical wholesale customers. In 2022, the company’s net sales totalled approximately €13 million and it had some 20 employees who specialise in serving and consulting technical trade customers in the quickly growing and developing solar power market.
Release: 14.03.2023: Kesko to acquire the solar power system wholesaler Zenitec Sweden
31.03.2023
Kesko sold its MAN business, which focuses on trucks and buses, to Adampolis Finland. Release in Finnish.
02.03.2023
Kesko has completed the acquisition of Elektroskandia Norge AS
30.01.2023
Kesko acquires the technical trade operator Elektroskandia Norge from Rexel in Norway
2022
06.07.2022
Kesko acquired XL-BYGG Bergslagen in Sweden
Kesko acquired XL-BYGG Bergslagen in Sweden. The acquisition complemented Kesko’s K-Bygg chain for professional builders. XL-BYGG Bergslagen´s net sales in 2021 totaled approximately €9.8 million. The transaction was completed in October 2022.
01.06.2022
Acquisition completed: Seljord Elektriske (net sales around €12 million in 2021)
31.05.2022
Kesko acquired Föllinge såg in Sweden
Kesko acquired Föllinge såg in Sweden. The acquisition complemented Kesko’s K-Bygg chain for professional builders. Föllinge såg’s net sales in 2021 totaled approximately €6.3 million. The transaction was completed in September 2022.
24.05.2022
Kesko acquired Djurbergs Järnhandel in Sweden
Kesko acquired Djurbergs Järnhandel to K-Bygg chain. Djurbergs Järnhandel net sales in 2021 totaled approximately €11.3 million. The transaction was completed in September 2022.
2021
08.12.2021
Kesko to acquire Kungälvs Trävaruaktiebolag, a company serving professional builders in Sweden
23.07.2021
Kesko to acquire Byggarnas Partner, a company serving professional builders in Sweden
The acquisition was completed on 1.9.2021.
2020
01.10.2020
Acquisition completed: Reidar Flokkmanns (net sales around €12 million in 2019)
02.09.2020
Kesko has completed the acquisition of Carlsen Fritzøe Handel in Norway
31.03.2020
Danish Agro Group assumes ownership of Konekesko’s Baltic subsidiaries
19.03.2020
Kesko will not appeal the Market Court’s decision
06.03.2020
Kesko to acquire Mark & Infra i Sverige AB, a company that serves technical wholesale professionals in Sweden
The acquisition was on completed on 1.4.2020.
17.02.2020
Market Court prohibits Kesko’s acquisition of Heinon Tukku
2019
03.07.2019 10:06
Konekesko’s Finnish agricultural machinery trade operations to be transferred to Danish Agro’s Finnish Agro Machinery on 1 August 2019
01.07.2019 10:30
Kesko has completed the acquisition of the Volkswagen, Audi and SEAT businesses of Laakkonen Group
28.05.2019 10:00
Kruunuvuoren Satama Oy to become a subsidiary of Kesko Corporation
17.05.2019 12:15
Kesko has completed the acquisition of Fresks Group in Sweden
15.05.2019 11:50
Kesko has completed the divestment of Onninen AB’s HEPAC business segment in Sweden
07.05.2019 10:00
Kesko to acquire Finnish foodservice wholesaler Heinon Tukku
25.04.2019 09:10
Kesko to acquire Volkswagen, Audi and SEAT businesses from Laakkonen
29.03.2019 09:00
Kesko to acquire Fresks Group to strengthen market position in the building and technical trade in Sweden
12.03.2019 10:00
Kesko accelerates turnaround in Sweden – divests Onninen’s HEPAC business segment to fully focus on Onninen’s infrastructure business
01.03.2019 09:30
Kesko has completed the acquisitions of car trade businesses from Huittisten Laatuauto and LänsiAuto
31.01.2019 16:15
Kesko has completed the acquisition of the DIY retail business of the Sørbø retailer group in Norway
03.01.2019 10:00
Kesko to acquire Volkswagen and SEAT businesses from Huittisten Laatuauto
02.01.2019 10:00
Kesko to acquire Volkswagen, Audi and SEAT businesses from LänsiAuto
2018
29.10.2018 10:15
Kesko further strengthens its Byggmakker chain in Norway – acquires the DIY retail business of the Sørbø retailer group
01.10.2018
Kesko has completed the acquisition of 1A Group
23.07.2018
Kesko has completed the acquisition of Gipling AS
02.07.2018
Kesko has completed the acquisition of Skattum Handel AS
02.07.2018 12:00
Finnish Competition and Consumer Authority approves Kesko’s acquisition of Kalatukku E. Eriksson
21.06.2018 12:00
Kesko becomes the largest omnichannel player in the Baltics by acquiring 1A Group
19.06.2018 13:00
Kesko further strengthens its Byggmakker chain in Norway – acquires Gipling AS
07.06.2018 10:00
Kesko strengthens its Byggmakker chain in Norway – acquires Skattum Handel AS
01.06.2018 12:45
Kesko to acquire Reinin Liha and Kalatukku E. Eriksson
16.02.2018 18:20
Kesko to discontinue its building and home improvement trade operations in Russia
2017
06.07.2017
VV-Autotalot Oy, a subsidiary of Kesko Group company VV-Auto Group Oy, acquired the SEAT business of LänsiAuto in Espoo, Vantaa and Turku.
30.06.2017 13:30
Kesko has completed the divestment of Indoor Group Oy, responsible for Asko and Sotka
30.06.2017 10:15
The transaction between Kesko and Yamaha has been completed
30.06.2017 10:00
The establishment of Kesko and Oriola's joint venture has been finalised
20.06.2017 12:35
Kesko to sell Indoor Group Oy, responsible for Asko and Sotka
01.06.2017 15:22
Kesko completes the disposal of its K-maatalous business to Lantmännen
24.05.2017 09:00
Kesko sold its properties in Estonia and Latvia
20.04.2017 15:30
The Finnish Competition and Consumer Authority has approved the transaction between Kesko and Yamaha
11.04.2017 12:30
Kesko to sell its K-maatalous business to Lantmännen
13.03.2017 09:00
Kesko and Oriola-KD to establish a chain of health, beauty and wellbeing stores across Finland
28.02.2017 10:51
Kesko to sell Suvi and Palta boat brands and business operations to new owner
10.02.2017 17:00
Kesko sold a minority interest in its Baltic machinery trade subsidiaries to Danish Agro group
2016
19.12.2016 14:30
Kesko to sell its Yamarin boat business and Yamaha representation in Finland
01.12.2016 11:00
Kesko has completed the acquisition of AutoCarrera - Porsche representation to VV-Auto
30.11.2016 11:00
Kesko has sold its grocery trade in Russia to Lenta
24.11.2016 17:00
The Finnish Competition and Consumer Authority (FCCA) approves AutoCarrera's acquisition by Kesko
14.11.2016 09:15
Kesko to acquire AutoCarrera - Porsche representation transfers to VV-Auto
26.10.2016 06:00
Kesko to sell its grocery trade in Russia to Lenta
01.06.2016 12:00
Kesko has acquired Onninen - new building and technical trade division to continue international growth
24.05.2016 14:00
European Commission has granted Kesko permission to acquire Onninen
20.04.2016 13:16
The Finnish Competition and Consumer Authority (FCCA) has approved the acquisition of Onninen Oy as regards Finland
12.04.2016 10:30
Kesko has completed the acquisition of Suomen Lähikauppa - Siwa and Valintatalo stores to be converted into K-markets
11.04.2016 14:00
The Finnish Competition and Consumer Authority has granted Kesko permission to acquire Suomen Lähikauppa
01.04.2016 15:45
Centralisation of Kesko's Baltic building and home improvement trade in Senukai was completed
12.01.2016 09:00
Kesko to acquire Onninen and strengthen its position in the building and technical trade
2015
18.11.2015 12:45
Supplementary financial information concerning the target of acquisition announced in Kesko's stock exchange release on 18 November 2015
18.11.2015 09:00
Kesko to invest in Finland by acquiring Suomen Lähikauppa -Siwa and Valintatalo stores return to Finnish ownership
04.11.2015 09:00
Kesko to centralise the Baltic building and home improvement trade in Senukai
11.06.2015 18:30
Joint real estate investment company of Kesko, AMF Pensionsförsäkring and Ilmarinen has been established
08.05.2015 12:00
Kesko has agreed to set up a joint real estate investment company with AMF Pensionsförsäkring and Ilmarinen
16.03.2015 09:00
Kesko to divest Anttila to 4K INVEST
2012
26.04.2012 9:35
Russian Intersport chain completely to Kesko
2011
24.8.2011 17:45
Acquisition of Intersport operations in Russia concluded
3.6.2011 18:15
Intersport operations in Russia to be transferred to Kesko
2010
1.7.2010 14:00
47 million gain on the sale of properties to Kesko
1.7.2010 13:45
Kesko, Kesko Pension Fund and Ilmarinen established a joint venture
2009
22.12.2009 11:45
Kesko gains €63 million on real estate sale
31.3.2009 15:00
Kesko gains €19 million on real estate sale
2008
30.5.2008 13:00
Kesko sells Rautakesko's and Kesko Agro's main office building to Aberdeen Real Estate Fund Finland
30.4.2008 13:30
Kauko-Telko's sale to Aspo completed
1.4.2008 8:30
Kesko sells Tähti Optikko chain to Specsavers
11.2.2008 15:15
Kesko receives a non-recurring gain of €103 million on structured property lease agreement
31.1.2008 12:45
K-Rahoitus sale to OKO concluded
2007
16.2.2007 15:45
Kesko's sale of SATO shares completed
Kesko to dispose of its shareholding in SATO
4.1.2007 18:15
Property transactions related to Kesko Food's sale of Rimi Baltic shares have been implemented
2006
18.12.2006 17:00
Kesko Food's sale of Rimi Baltic shares completed
20.10.2006 15:00
VV-Auto Group Oy to acquire total ownership of Turun VV-Auto Oy
6.10.2006 14:00
Keswell Ltd sells all shares of Academica Oy
13.6.2006 14:00
Kaukomarkkinat Oy acquires Poland's WEP Ltd. Sp. z o.o.
3.3.2006 15:00
Kesko's real estate deal is completed
9.2.2006 13:00
Finnish Competition Authority approves Helsingin VV-Auto Oy's acquisition of Audi and Volkswagen business operations
2005
1.11.2005 15:45
Finnish Competition Authority approves Kesko Food's Pikoil deal
7.10.2005 11:30
Konekesko is selling its warehouse technology business to BT
28.7.2005 12:45
Rautakesko's acquisition of Stroymaster completed
7.7.2005 14:30
Rautakesko's acquisition of Norgros completed
25.1.2005 15:30
Kesko sells real estate properties
21.1.2005 15:00
Indoor Group Ltd transferred to Kesko's ownership
