Kesko has completed the acquisition of the Danish builders’ merchant Davidsen
Kesko has completed the acquisition of the Danish builders’ merchant Davidsen Koncernen A/S. The acquisition marks Kesko’s first step into the Danish market and gives it a solid foothold in the local building materials market. It also advances Kesko’s objective to strengthen its market position in Northern Europe.Kesko announced its intention to acquire Davidsen Koncernen A/S in an investor news release issued on 23 August 2023. The transaction has now received all necessary competition authority approvals, lastly merger approval from the EU Commission on 5 January 2024. The approval was