Kesko agrees €1.2bn deal for Dahl’s Nordic businesses
Key takeaways
- Kesko agrees €1.2bn deal for Dahl’s Nordic businesses.
- The deal extends Kesko s footprint in heating, piping, air conditioning and infrastructure construction across Sweden, Norway and Denmark.
- The debt-free transaction price of €1.20bn excludes lease commitments, rising to €1.51bn when lease commitments at the end of 2025 are included.
Kesko agrees €1.2bn deal for Dahl’s Nordic businesses. The transaction remains subject to competition authority approval and certain other conditions · Retail Insight Network Shubhendu Vimal Tue, June 16, 2026 at 4:15 PM GMT+7 2 min read SGO.PA Finnish retail industry group Kesko has agreed to purchase the Swedish, Norwegian and Danish businesses of technical trade operator Dahl from France s Saint-Gobain for €1.20bn ($1.38bn), marking the largest deal in Kesko s history.
The deal extends Kesko s footprint in heating, piping, air conditioning and infrastructure construction across Sweden, Norway and Denmark.
The debt-free transaction price of €1.20bn excludes lease commitments, rising to €1.51bn when lease commitments at the end of 2025 are included.