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M&A

IKH

Acquired by

GRAFTON GROUP

FINLAND Industrial Services EV [100m EUR - 500m EUR] 07/2021

Target

IKH

Acquirer

GRAFTON GROUP

Context

Grafton Group has successfully finalized the acquisition of 100% of the share capital of the target, marking its first entry into the Finnish market and establishing a significant presence in the Nordic region. This strategic transaction represents a pivotal step in the acquirer's international development strategy, specifically targeting high-growth technical wholesale sectors with resilient defensive characteristics. The strategic rationale for the move centers on the acquisition of a high-quality platform that broadens the group’s market position into specialized segments such as personal protective equipment and professional tools.

The transaction values IKH at an EV/Revenue multiple of LOGIN.

This transaction is part of the Business Services industry, which currently tracks an average EBITDA multiple of 11.1x since the beginning of 2026, 0.8% increase compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

IKH is a premier technical distribution organization specializing in the wholesale and retail of workwear, personal protective equipment, professional tools, and specialized spare parts. The entity’s business model is built on a high-density distribution framework, operating through a sophisticated network of independently-owned partner stores complemented by a selection of flagship owned sites. Its value proposition is anchored in the high-precision availability of a vast product catalog catering to the industrial, construction, and agricultural sectors. Strategically, the firm focuses on the Nordic and Baltic regions, utilizing a centralized logistics and distribution infrastructure to facilitate cross-border expansion into Sweden and Estonia. By maintaining structural operational depth in mission-critical safety and maintenance products, the organization ensures a mission-critical role in the productivity of professional trades and industrial enterprises. The entity prioritizes long-term technical reliability and standardized quality across its diverse partner-led retail presence.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
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EBITDA
EBIT
2021
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2020
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Other operations with IKH

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.