EU clears Kesko's €1.2B Brødrene Dahl deal, closing expected by year-end

What's the deal? The European Commission has cleared Finnish retail group KeskoDealroom has a profile for this one. Try Dealroom →'s acquisition of Brødrene Dahl ASDealroom has a profile for this one. Try Dealroom →, the largest deal in the company's history. Kesko is buying the Swedish, Norwegian, and Danish technical trade businesses of French listed group Saint-GobainDealroom has a profile for this one. Try Dealroom → for €1.2 billion. Including lease liabilities, the total value rises to €1,518 million.

Why now? The Commission approved the deal without conditions, and Kesko had already secured the other required regulatory clearances. Completion still hinges on remaining deal terms; Kesko expects the acquisition to close by the end of 2026.

The financials: The businesses being acquired posted combined revenue of about €2.1 billion in 2025, with EBITDA of €146 million.

What changes? DahlDealroom has a profile for this one. Try Dealroom → in Sweden, and Brødrene Dahl in Norway and Denmark, will continue as separate business units under their existing brands. The companies focus on technical trade.

The signal: The deal pushes Kesko deeper into the Nordic technical trade market and marks its biggest bet yet on expansion beyond Finland.

Read more: kauppalehti.fi

Image credit: Jaggery