Tokmanni Group Oyj (HLSE:TOKMAN) agreed to acquire Business operations of the two stores in the TEX chain in Meri-Lappi from Vuokila family on June 28, 2021. Tokmanni will redesign the stores as Tokmanni stores during the current year. The combined revenue of the acquired businesses was about €14 million in the financial period ending on March 31, 2021.

TEX Tornio, which has a surface area of about 10,000 square meters, has 27 employees and will become by far the largest Tokmanni in terms of surface area. TEX Kemi, which has a surface area of about 6,000 square meters, has 15 employees. The stores' current personnel will transfer to Tokmanni as existing employees.

The transaction is expected to close on August 1, 2021.