MEKO completes the acquisition of Koivunen
Today MEKO (previously Mekonomen Group) has completed the acquisition of Koivunen, the leading provider of automotive spare parts and related services in Finland and Estonia, for an enterprise value of EUR 122 million (SEK 1,280 million) on a cash and debt free basis, in accordance with the previously announced agreement dated 14 June 2022. The acquisition is financed in cash through existing liquidity and bank facilities. Koivunen will be consolidated into MEKO from 1 July 2022. Through the acquisition, MEKO expands its geographical presence in Finland and establishes itself in the