Avail advised Raskone on the acquisition of heavy commercial vehicle workshops from Wetteri

Avail advised Raskone on the acquisition of  heavy commercial vehicle workshops from Wetteri.

The workshops are located in Kajaani and Joensuu, in Finland, and they provide maintenance and repairs for heavy commercial vehicles. The workshops provide authorised repair and maintenance services for Scania, Mercedes-Benz, MAN, Sisu and Mitsubishi Fuso. Through the acquisition, Raskone significantly strengthens its position in Eastern Finland and enhances its ability to offer even more comprehensive services to its customers. The workshops employ a total of 33 professionals. In 2024 the acquired business had net sales of approximately EUR 10.3 million and an operating profit, excluding cost allocations from its parent company, of approximately EUR 2.0 million (unaudited, Finnish GAAP). The estimated purchase price of approximately EUR 13.8 million will be paid in cash and will be financed using Relais Group's available financing facility. Additionally, employee liabilities of an estimated EUR0.3 million will be transferred to Raskone.

Relais Group is a leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. It has a sector focus in vehicle life cycle enhancement and related services.

Wetteri Plc is an entrepreneur-driven growth company in the automotive industry. In addition to the retail trade of passenger, commercial and heavy-duty vehicles, the company provides maintenance and damage repair services ranging from passenger cars to heavy-duty vehicles.

https://otp.tools.investis.com/clients/fi/relais/cision/cision-story.aspx?newsid=44046&cid=2511

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