(IN BRIEF) ELKO Group has completed the acquisition of a 60% stake in Finland-based Bat.Power Oy through its subsidiary Gandalf Distribution AB, marking a strategic step in expanding its local presence in Finland and strengthening its Nordic distribution platform. Bat.Power … Read the full press release
Posted in Business, Electronics & Machinery, Finland, Industrial, Investment, Latvia, News, Technology
Tagged acquisition, Bat.Power Oy, consumer electronics, cross-selling, ELKO Group, ELKO Group Completes Strategic Acquisition to Establish Local Operations in Finland, ERP integration, Finland market expansion, Gandalf Distribution AB, gradual integration, IT distribution, logistics centre Tampere, majority stake, mobile accessories, Nordic distribution, Nordic growth strategy, Small domestic appliances, Svens Dinsdorfs, Tommi Järvinen, TV products
(IN BRIEF) ELKO Group has withdrawn from its €3 million agreement to purchase Deltaco Baltic UAB from Aurdel Sweden AB, citing a material adverse change that emerged after the SPA was signed on 10 January 2025. A formal termination notice was … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Government, Industrial, Investment, Latvia, Management, Marketing, News, Sweden, Technology
Tagged Aurdel Sweden AB, consumer electronics, Deltaco Baltic UAB, domestic appliances segment, ELKO Group, IT distribution, Material Adverse Change, partnership, share purchase agreement, SPA termination, Svens Dinsdorfs
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