Relais Group company Raskone acquires Jyväskylä Truck Center

Relais Group Plc
Press Release 31 October 2023 at 8.45 am EET

Relais Group Plc group company Raskone has on 31 October 2023 acquired the heavy commercial vehicle workshop Jyväskylä Truck Center in an asset deal from Joen Truck Center Oy. The business is located in Jyväskylä, Finland and employs 13 people. In 2022 the business had net sales of approximately EUR 1.7 million and EBIT of approximately EUR 0.1 million. Jyväskylä Truck Center will be consolidated into Relais Group from the beginning of November 2023.

Jan Popov, Managing Director of Raskone:

"Jyväskylä Truck Center is known for its staff's solid expertise and excellent customer service. We are proud to welcome Jyväskylä Truck Center to become a part of Raskone. The acquisition enables us to serve our customers even better than before. Jyväskylä Truck Center will keep its name and the company's founders Petri Hänninen and Iiro Sundqvist will continue as workshop managers.”

Petri Hänninen and Iiro Sundqvist, the founders and owners of Jyväskylä Truck Center:

“It's great to see that Raskone, as Finland's largest commercial vehicle repair shop chain, appreciates our expertise and our staff. Continuous development of the staff and high-quality customer service have always been important to us, and as part of Raskone we can do it even better. Customers will be served by the same familiar faces even better than before.”

Arni Ekholm, CEO of Relais Group Plc:

"It is great to welcome yet another group of top professionals in our field to join the growing Relais Group. Raskone provides an excellent home for Jyväskylä Truck Center from the perspective of personnel, customers, and other stakeholders, and at the same time strengthens its position in an important market area. This transaction is a good example of how our group companies can grow and develop through targeted add-on acquisitions.”

Further information:

Arni Ekholm, CEO
Phone: +358 40 760 3323
E-mail: arni.ekholm@relais.fi

Relais Group:

Relais Group is a leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We have a sector focus in vehicle life cycle enhancement and related services. We also serve as a growth platform for the companies we own.

We are a profitable company seeking strong growth. We carry out targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket in our area of operation. Our acquisitions are targeted at companies having a good strategic fit with our group companies.

Our net sales in 2022 was EUR 260.7 (2021: 237.8) million. During 2022, we completed a total of three acquisitions. We employ approximately 1,000 professionals in six different countries. The Relais Group share is listed on the Main Market of Nasdaq Helsinki with the stock symbol RELAIS.