Solar takes over parts of the Onninen Group

Solar from Denmark took over the HVAC business segment of Onninen AB in Sweden; this was previously agreed with the parent company Kesko from Finland. The purchase price amounts to 45 m DKK (6 m EUR).

The acquisition now strengthens the heating, plumbing, and air conditioning activities of Solar in Sweden, and has an impact on the year-end forecast for 2019. Solar now expects sales of at least 11.6 bn DKK (1.6 bn EUR).