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Wetteri PLC — M&A Activity 2023
Dec 8, 2023
3342_rns_2023-12-08_207a4986-c63a-4618-945a-7686a9907b99.html
M&A Activity
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Insider information: Wetteri buys Suur-Savo Cooperative Society's car dealership business, KKV approved the deal - implementation 1 January 2024
Insider information: Wetteri buys Suur-Savo Cooperative Society's car dealership business, KKV approved the deal - implementation 1 January 2024
Wetteri Plc Insider information 8 December 2023 at 13.45 EET
On 27 October 2023, Wetteri announced its intent to buy Suur-Savo Cooperative
Society's car dealership business. The buyer in the acquisition is Wetteri Oyj's
subsidiary Wetteri Auto Oy. The Finnish Competition and Consumer Authority (KKV)
has given its approval to the deal on December 8, 2023. The transaction is
expected to be executed on January 1, 2024.
For further information:
Aarne Simula,CEO, Wetteri Oyj
Puh. 0400 689 613, [email protected]
Ari Miettinen, CEO, Osuuskauppa Suur-Savo (Cooperative Society)
Puh. 050 531 9550, [email protected]
Wetteri Plc - an entrepreneur-driven growth company in the automotive sector
Wetteri Plc is an entrepreneur-driven growth company in the automotive sector.
The company engages in the retail sales of passenger cars, commercial vehicles
and heavy vehicles, and produces maintenance and repair shop services for
vehicles, from passenger cars to heavy vehicles. Headquartered in Oulu, the
company has 40 locations in Finland. The company employs around 900 people, of
whom nearly 70% work in maintenance and repair services. Wetteri promotes
digitalisation in the automotive sector and is an important player on the common
journey towards emission-free motoring. More information:
sijoittajat.wetteri.fi/en/ (http://www.sijoittajat.wetteri.fi/)