Kesko acquires the Danish builders’ merchant Davidsen and enters Denmark
Kesko has agreed to acquire Davidsen Koncernen A/S, one of the largest builders’ merchants in Denmark. 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 further advances Kesko’s objective of strengthening its market position in Northern Europe. The Davidsen family will remain as a 10% minority shareholder in the company.Kesko continues to implement its growth strategy in Northern Europe, where it is a leading operator in building and technical trade. The Davidsen acquisition is Kesko’s first step