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Relais Group Oyj: Steering closer to end customers with M&A - Nordea

On 29 January, Relais announced that it will acquire Raskone, Finland's largest multi-brand maintenance and repair workshop chain for commercial vehicles. This acquisition should bring Relais closer to its end customers, as it has never operated a workshop chain before.

According to Relais, the acquisition creates the potential for significant cost synergies and enables cross-selling, especially within the lighting and equipment business. We think the announced deal will help the company reach its 2024 financial targets and we expect a strategy update in the near future, given this expansion outside of the wholesale business.

Marketing material commissioned by Relais Group Oyj
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