Kesko has completed the acquisition of Carlsen Fritzøe Handel in Norway
Kesko Corporation’s subsidiary Byggmakker Handel AS has completed the acquisition of the building and home improvement trade company Carlsen Fritzøe Handel AS. The acquired operations recorded net sales of some €201 million and an EBITDA of €13.3 million (excluding the impact of IFRS 16) in 2019. The purchase price of the acquisition expressed on a debt and cash free basis is some €144 million. The acquisition strengthens Kesko’s position in the Oslo fjord region, where the Carlsen Fritzøe Handel network of 25 stores complements Kesko’s existing Byggmakker store network. Kesko assumes