Byggmakker Handel AS, a wholly owned subsidiary of Kesko Corporation, has acquired Gipling AS.
Byggmakker Handel is a wholly owned subsidiary of Kesko Corporation, a listed Finnish company operating in the grocery, building and technical, and the car sectors. Byggmakker Handel is a part of Kesko’s building and technical trade division which is active in eight countries. In Norway, the division includes 25 Onninen stores and 65 Byggmakker stores, mostly operated under the retailer business model. In 2017, Byggmakker Norway’s net sales amounted to US$460 million.
Gipling is a Norwegian player in the building and home improvement trade sector, with net sales of approximately US$172 million in 2017. Gipling operates 19 Byggmakker stores and employs 540 professionals around the Trondheim area.
Gipling Holding AS is the holding company of the Gipling owners.
Oaklins' team in Norway advised Byggmakker Handel AS in this transaction.
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