Byggmakker Handel AS has acquired Skattum Handel AS
June 2018 — Byggmakker Handel AS, a wholly owned subsidiary of Kesko Corporation, has acquired Skattum Handel AS.
This acquisition is an important step in the implementation of the strategy to grow and develop Kesko's market position in Northern Europe. It represents an opportunity for enhanced synergies which will increase Kesko's operations competitiveness, creating an even greater opportunity for growth and increased profitability.
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.
Skattum Handel is a Norwegian player in the building and home improvement trade sector, with net sales of approximately US$108 million in 2017. The company operates 10 Byggmakker-branded stores around the Oslo area and employs 320 professionals.
Skattum Holding is the holding company of the Skattum family. The company invests in building materials retail and real estate, as well as equity and venture investments. Skattum Holding has three subsidiaries: Skattum Handel AS, Skattum Eiendom AS, Skattum Invest AS.
Our role in the transaction
Oaklins' team in Norway advised Byggmakker Handel AS in this transaction.
Talk to the deal team
Related deals
Terhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.
Learn moreSelena Group has acquired Grupo IGM
Selena Group has acquired a 66% stake in Grupo IGM, with the remaining 34% to be acquired after a three-year period through a put and call option mechanism. The transaction reinforces Selena Group’s international growth strategy through M&A and strengthens its position in Western Europe, particularly in the Iberian market. It supports the group’s long-term growth ambitions in sustainable construction solutions, expanding its capabilities and product offering in the energy-efficient construction segment.
Learn moreSAP Landscapes has secured investment from Renatus Capital Partners
SAP Landscapes Limited has secured new investment from Renatus Capital Partners. The investment from Renatus will accelerate SAP Landscapes’ continued expansion, including geographic growth and the broadening of its services, both organically and through potential acquisitions or partnerships.
Learn more