Kesko accelerates turnaround in Sweden – divests Onninen’s HEPAC business segment to fully focus on Onninen’s infrastructure business
Kesko Corporation has signed an agreement to sell Onninen AB’s HEPAC business segment to Solar A/S. The segment serves mostly SME contractor clients in Sweden. The transaction allows Kesko to focus on building-related B2C and B2B trade and the infrastructure business in technical trade in Sweden. K Group is a leading operator in Northern European building and technical trade with operations in eight countries. In 2018, the building and technical trade division’s net sales in Northern Europe totalled €4.1 billion. In Sweden, the building and technical trade division operates 17 K-rauta