MEKO strengthens its position in Northern Europe – expands in Finland and into the Baltic region
MEKO (previously Mekonomen Group) has entered into an agreement to acquire Koivunen, the leading provider of automotive spare parts and related services in Finland and Estonia, with operations also in Latvia and Lithuania. The enterprise value is EUR 122 million (SEK 1,280 million) on a cash and debt free basis. Thus, MEKO is expanding its current Finnish operations and establishing itself in the Baltics. Through the expansion, MEKO will have a presence around the Baltic Sea and strengthen its position as Northern Europe's leading player in the automotive aftermarket. Koivunen had net