Kesko has completed the acquisition of the Volkswagen, Audi and SEAT businesses of Laakkonen Group
Kesko Group company K Caara Oy has completed the acquisition of the Volkswagen, Audi and SEAT businesses of Laakkonen Group. The transaction comprises Laakkonen Group’s Volkswagen, Audi and SEAT businesses in Hyvinkää, Hämeenlinna, Joensuu, Kuopio, Lahti and Tampere. The combined pro forma net sales of the businesses acquired totalled some €259 million in 2018 and operating profit €5.4 million. The approximately 460 employees of the acquired businesses will transfer toK-Caara and the business operations will continue to lease their current premises. The parties do not disclose the