Meko AB (publ) (OM:MEKO) has entered into a definitive agreement to acquire ELIT Polska sp. z o. o. from LKQ Corporation (NasdaqGS:LKQ) on May 10, 2024. Elit Polska?s 2023 revenue was approximately PLN 429 million.

MEKO is acquiring all shares in Elit Polska, where the company?s 485 employees will join MEKO?s organization, enabling an even stronger offering to Polish customers. The transaction is expected to be completed during the second half of 2024 and is subject to customary closing conditions and necessary regulatory approvals. Lenner & Partners Corporate Finance AB acted as Fairness Opinion Provider to Meko AB.

Lenner & Partners concluded in their analysis that the financial valuation of the transaction is fair. Pawel Zdort, Iwona Her, Marek Kanczew and Marcin Serafin of Rymarz Zdort Maruta acted as legal advisor to Meko.