Mekonomen has entered into an agreement to acquire FTZ in Denmark and Inter-Team in Poland – intends to propose a rights issue of approx. SEK 1,650m
Mekonomen has entered into an agreement to acquire automotive spare-parts distributors FTZ[2] in Denmark and Inter-Team[3] in Poland from HELLA[4] for a purchase price of EUR 395m[5] (SEK 4,043m[6]) on a cash and debt-free basis. Through the acquisition, Mekonomen strengthens its position in the sale of automotive spare-parts in northern Europe and establishes a strong market position in Denmark and Poland, where Mekonomen has no current operations. FTZ and Inter-Team had combined sales of approximately SEK 5,203m[7] and an EBITDA of approximately SEK 417m7 during the period June 2017 -