Ahlsell divests non-core subsidiary in Finland
Carner advises Ahlsell in divestment of non-core subsidiary in Finland. The non-core subsidiary was not in-line with Ahlsell’s current product and sales channel strategies. The unit achieved revenues of approximately 10 M€ in 2020.
”The divestment of the subsidiary is in line with Ahlsell Oy’s strategy to increase the focus on its core business. Carner ran a highly efficient sales process from start to finish and we are very happy with the outcome. The Carner team did an outstanding job in reaching a deal with a buyer that understands the full potential of the business and that we feel confident will provide a great new home for the subsidiary and its employees.“ -Lennart Sjöblom, Director M&A at Ahlsell Group
Ahlsell is the Nordic region’s leading distributor of installation products, tools and supplies for installers, construction companies, facility managers, industrial and power companies and the public sector. The unique customer offer covers more than one million individual products and solutions. The Group has a turnover of just over SEK 31 billion and about 97% of the revenue is generated in the three main markets of Sweden, Norway and Finland. With about 5,700 employees, more than 230 branches and three central warehouses, we constantly fulfil our customer promise: Ahlsell makes it easier to be professional!