Kesko Oyj (HLSE:KESKOB) agreed to acquire KungÄLvs TrÄVaruaktiebolag on December 8, 2021. For the year 2020, Kungälvs Trävaruaktiebolag reported sales of approximately €32.6 million. The transaction is subject to the approval of the local competition authorities and the fulfilment of the other terms and conditions.

The transaction is expected to be completed during the first quarter of 2022. David Wasta of KPMG Corporate Finance acted as financial advisor to the owners of Kungälvs Trävaru.