Byggmakker has acquired Carlsen Fritzøe Handel
Byggmakker Handel AS, a wholly-owned subsidiary of Kesko Corporation, has acquired Carlsen Fritzøe 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 part of Kesko’s building and technical trade division which is active in eight countries. In Norway, the division includes 18 Onninen stores and 63 Byggmakker stores.
Carlsen Fritzøe Handel is a Norwegian operator in the building and home improvement trade, with net sales of approximately US$226 million in 2019. Carlsen Fritzøe Handel is a significant operator in the entire Oslo fjord region, with 25 stores and a separate distribution center located in Southern and Southeast Norway. The company has approximately 460 employees. It serves mainly small and medium-sized builders, contractors and consumers.
Oaklins’ team in Norway advised Byggmakker Handel AS in this transaction. It is the third acquisition where the team has advised Byggmakker Handel since 2018.
Talk to the deal team
Lars Vetle Vislie Willums
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