Wetteri Oy (HLSE:WETTERI) agreed to acquire Autotalo Hartikainen from E. Hartikainen Oy for approximately €34.4 million on December 19, 2022. In the business transaction, the car dealership business as well as the maintenance and repair business of passenger cars and the maintenance business of heavy equipment, inventory, machinery, and equipment will be transferred to the buyer. Autotalo Hartikainen's turnover in 2021 was €119 million and operating profit was €4.8 million. The deal is subject to the approval of the Finnish Competition Authority (KKV) and is expected to close by February 15, 2023.As on February 28, 2023 the transaction is expected to close in early march upon approval from FCCA. As on March 1, 2023 The Finnish Competition and Consumer Authority approved the deal.

Wetteri Oy (HLSE:WETTERI) completed the acquisition of Autotalo Hartikainen from E. Hartikainen Oy on March 7, 2023. Wetteri pay €17.1 million as the purchase price for the goodwill and the machines and equipment. In contrast to the previous announcement, inventory worth € 13.7 million will be transferred to LähiTapiola Rahoitus Oy's trade financing. As part of the financing of the transaction, Wetter's board of directors has issued a total of 6,284,152 new Wetter shares to the AktiiviOmitaja group with the anti-authorization given by the general meeting also E. Hartikainen Oy, has given Wetter an equity loan of € 2.0 million, in connection with which E. Hartikainen Oy has the right of exchange.