Dahl acquired by Kesko

Kesko has entered into an agreement to acquire Dahl's operations in Sweden, Norway, and Denmark from Saint-Gobain, as part of a strategic transaction aimed at significantly strengthening its technical trading business in Northern Europe. This deal represents a major strategic lever for the group, as it is expected to nearly double Kesko's Technical Trade business, which is currently the company's third-largest segment behind Grocery Trade (approximately 50% of revenue) and Home Improvement (around 20%). Following integration, this business is expected to account for approximately 30% of the group's revenue. On a pro forma basis, Kesko's revenue would approach €15 billion, with a significant shift in its sectoral profile towards higher-value-added technical activities. From a strategic perspective, Dahl brings a well-established platform in the Nordic countries, with a strong presence in the HVAC, plumbing, and infrastructure segments. This position enables Kesko to rapidly scale up its technical trading business, with a direct impact on purchasing power, supplier competitiveness, and distribution network density. Beyond the benefits of increased size, the transaction also aims to generate commercial and logistical synergies in the region, particularly through the optimization of flows and the digitalization of customer journeys. Ultimately, this acquisition is part of a long-term strategy to establish the group as a leading player in technical trading in Northern Europe, by consolidating a still-fragmented market and leveraging structural trends related to energy renovation and infrastructure modernization.