Kesko has completed the acquisitions of car trade businesses from Huittisten Laatuauto and LänsiAuto

Kesko Group company K Caara Oy has completed the acquisitions of Huittisten Laatuauto Oy’s Volkswagen and SEAT business operations in Forssa and Huittinen and LänsiAuto Oy’s Volkswagen, Audi and SEAT businesses in Kotka, Kouvola and Lappeenranta.

The pro forma net sales of the business operations acquired from Huittisten Laatuauto totalled some €29 million in reporting period that ended in June 2018.

The pro forma net sales of the businesses acquired from LänsiAuto totalled some €67 million in 2017.

The employees transfer to K-Caara and operations will continue to lease the current premises. The parties do not disclose the transaction prices.

On 2 and 3 January 2019, Kesko Corporation announced in press releases that it would acquire the above-mentioned businesses. The Finnish Competition and Consumer Authority announced on 8 February 2019 that it approved the acquisitions. The approvals were not subject to any conditions. 

Further information:
Martti Muona, Managing Director, K Caara Oy, martti.muona@kesko.fi, tel. +358 105 333 310

Kesko Corporation

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