Kesko Corporation has completed the divestment of Onninen AB’s HEPAC business segment to Solar A/S. The transaction allows Kesko to focus on building-related B2C and B2B trade and the infrastructure business in technical trade in Sweden.
The transaction comprises Onninen AB’s HEPAC business segment, which serves mostly SME contractor clients in Sweden. The segment employs some 80 professionals in Sweden, who will transfer to the buyer.
The net sales of the divested HEPAC business segment in Sweden totalled €70 million in 2018.
On 12 March 2019, Kesko Corporation announced in a