Beskrivning
| Land | Finland |
|---|---|
| Lista | Mid Cap Helsinki |
| Sektor | Industri |
| Industri | Fordon |
Relais Group Plc
Press Release 7 July 2025 at 9:32 a.m. EEST
Relais group company Raskone has today on 7 July 2025 agreed to acquire two heavy commercial vehicle workshops from Wetteri Auto Oy, a subsidiary of Wetteri Plc. The workshops are located in Kajaani and Joensuu, in Finland, and they provide maintenance and repairs for heavy commercial vehicles. The workshops provide authorised repair and maintenance services for Scania, Mercedes-Benz, MAN, Sisu and Mitsubishi Fuso. Through the acquisition, Raskone significantly strengthens its position in Eastern Finland and enhances its ability to offer even more comprehensive services to its customers.
The workshops employ a total of 33 professionals. In 2024 the acquired business had net sales of approximately EUR 10.3 million and an operating profit, excluding cost allocations from its parent company, of approximately EUR 2.0 million (unaudited, Finnish GAAP). The estimated purchase price of approximately EUR 13.8 million will be paid in cash and will be financed using Relais Group's available financing facility. Additionally, employee liabilities of an estimated EUR 0.3 million will be transferred to Raskone.
Closing of the acquisition is estimated to take place in Q3 2025, subject to Finnish competition authority approval of the transaction and provided that certain other customary conditions for the closing of the acquisition are met.
Jan Popov, Managing Director of Raskone:
"The transaction is an excellent example of the effectiveness and scalability of Relais Group's operating model in acquisitions. We make carefully considered and targeted add-on acquisitions for our existing platforms, enabling us to provide an even broader and more efficient service offering to our customers. Raskone offers an excellent home for these top-tier workshops from the perspective of their professional personnel, customers, and other stakeholders alike."
Aarne Simula, CEO of Wetteri Plc:
"Wetteri's heavy equipment maintenance and spare parts business in Kajaani and Joensuu will get a good new owner from Raskone. Raskone is a strong player in the industry, with excellent capabilities to further develop the business."
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 2024 were EUR 322.6 (2023: 284.3) million. During 2024, we completed a total of two acquisitions. We employ approximately 1,600 professionals in eight different countries. The Relais Group share is listed on the Main Market of Nasdaq Helsinki with the stock symbol RELAIS.