Tools Finland Oy, a company within the Alligo Group, has entered into an agreement to acquire 100 per cent of the shares in the Finnish company Liukkosen Pultti Oy. Liukkosen Pultti runs a store in Lahti, selling workwear and tools and the acquisition strengthens Alligo’s presence in the Finnish market.
Liukkosen Pultti has an annual turnover of approximately EUR 4,5 million with solid margin, is family-owned and has 12 employees.
“The acquisition supports our ambition to grow in Finland. The new store complements our existing store in Lahti, which mainly provides tools and broadens our range to include workwear. By integrating the two businesses and introducing sales of our own brands, we will be able to drive growth and profitability”, says Mika Kärki, Country Manager at Alligo.
The acquisition is expected to be completed in early February.
Mergero Oy acted as the sell-side advisor on the deal.
For further information, please contact: Clein Ullenvik, CEO & President Tel +46 8 712 00 00 email@example.com
Alligo AB is a leading reseller of industrial consumables and components, services and maintenance to professional end users in the industrial, construction and public sectors in the Nordic region. The Group has annual revenue of approximately SEK 9.5 billion and some 2,700 employees. Alligo AB (publ) has been listed on Nasdaq Stockholm since June 2017. Read more at www.alligo.com.