# Kesko Completes €1.2 Billion Purchase of Dahl and Brødrene Dahl From Saint-Gobain

> Kesko has completed its €1.2 billion acquisition of Dahl and Brødrene Dahl from Saint-Gobain, adding €2.1 billion in net sales across Sweden.

- Published: 2026-11-02T12:10:32+00:00
- Section: Mergers & Acquisitions
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-02/kesko-dahl-brodrene-dahl-acquisition
- Source: [news.cision.com](https://news.cision.com/k-ryhma/r/kesko-has-acquired-dahl-in-sweden-and-the-brodrene-dahl-companies-in-norway-and-denmark,c4418381)

## Key takeaways

- Kesko acquired Dahl in Sweden and Brødrene Dahl in Norway and Denmark from Saint-Gobain for a debt-free transaction price of €1,200 million excluding lease commitments.
- The acquired companies had combined illustrative net sales of €2.1 billion in 2025, with Dahl in Sweden at €0.9 billion, Norway at €0.6 billion and Denmark at €0.5 billion.
- Dahl and Brødrene Dahl will continue as separate business units under their existing brands, reporting to Sami Kiiski, President of Kesko's building and technical trade division.

[Kesko](https://akta.pro/company-profiles/0002ot8/kesko-food-baltics) has acquired the technical trade companies Dahl in Sweden and Brødrene Dahl in Norway and Denmark from Saint-Gobain for a debt-free transaction price of €1,200 million excluding lease commitments. [news.cision.com](https://news.cision.com/k-ryhma/r/kesko-has-acquired-dahl-in-sweden-and-the-brodrene-dahl-companies-in-norway-and-denmark,c4418381) reported the closing on November 2, 2026. Kesko is a Finnish listed company headquartered in Helsinki, and [Dahl Sverige](https://akta.pro/company-profiles/000hw61/dahl-sverige) is a Swedish technical trade business that Kesko describes as mainly operating in HPAC products.

## Kesko's €1.2 Billion Dahl Deal Terms

Kesko announced on June 15, 2026 that it would acquire the Dahl operations in Sweden, Norway and Denmark from Saint-Gobain. The combined, illustrative net sales of the acquired companies totalled €2.1 billion in 2025: Dahl net sales in Sweden were €0.9 billion, in Norway €0.6 billion and in Denmark €0.5 billion. Kesko said it would initially finance the acquisition in full using bridge financing, to be refinanced with equity and debt after completion, and that it would provide details of a planned share issue separately.

Dahl in Sweden and [Brødrene Dahl](https://akta.pro/company-profiles/000iygx/br-drene-dahl) in Norway and Denmark will continue as separate business units under their existing brands and will report directly to the President of Kesko's building and technical trade division. Kesko said it will lightly integrate only relevant parts of the businesses, such as reporting and information systems. "Our main priority is to ensure the continuity of customer relationships, the reliability of deliveries, and competitive selections, and make sure the change in ownership does not impact customers or daily operations," said Sami Kiiski, President of Kesko's building and technical trade division.

## Dahl's Scale in Kesko's Company Records

According to akta.pro [company records](https://akta.pro/company-data), the June 2026 announcement covered a €1.2 billion acquisition of Dahl's technical trade operations in Sweden, Norway and Denmark from Saint-Gobain, with a total deal value of €1.518 billion including leases. The same records describe it as the largest acquisition in Kesko's history, adding €2.1 billion of revenue, 190 outlets and 2,700 employees. The acquired businesses generated €2,068 million in net sales in 2025, according to the same records.

## Dahl Deal Approvals and Timeline

Kesko announced on June 15, 2026 that it would acquire the Dahl operations, and on October 27, 2026 it specified the estimated completion date as November 2, 2026, following a previous estimate of completion by the end of 2026, news.cision.com reported. The European Commission unconditionally approved Kesko's acquisition of the Dahl operations in Sweden and the Brødrene Dahl operations in Norway and Denmark, with no conditions attached, The future of trading reported on September 24, 2026. Kesko's Extraordinary General Meeting on October 30, 2026 authorized the Board to issue up to 12 million new B shares to refinance the acquisition, news.cision.com reported.

## Dahl's Consolidation Into Kesko's Financials

Dahl will be consolidated into Kesko's financial reporting as of November 1, 2026. Non-recurring transaction costs are estimated at some €9 million in 2026 and are treated as an item affecting comparability. Kesko said the full transfer of information systems is set to take some 12-18 months.

## Companies in this story

- [Kesko Food Baltics company profile](https://akta.pro/company-profiles/0002ot8/kesko-food-baltics) · website: http://www.kesko.fi
- [Dahl Sverige company profile](https://akta.pro/company-profiles/000hw61/dahl-sverige) · website: https://www.dahl.se
- [Brødrene Dahl company profile](https://akta.pro/company-profiles/000iygx/br-drene-dahl) · website: https://www.dahl.no

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