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New Deal


Announced

Veho to acquire the Sweden truck import business of Mercedes-Benz.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Cross Border

Pending

Friendly

Majority

Sweden

Trucking

Single Bidder

Acquisition

truck import

Synopsis

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Veho, an importer and reseller of Mercedes-Benz, agreed to acquire the Sweden truck import business of Mercedes-Benz, a luxury automotive brand. Financial terms were not disclosed. “We are extremely pleased that our long and successful partnership with Daimler Truck is deepening. The deal announced today is yet another concrete indication that Daimler sees Veho as a strategic partner in Finland, Sweden and the Baltic countries. In close cooperation with Daimler Truck, we create reliable, smooth and efficient services for our customers, attractive career paths for our staff and growth opportunities for our partners. Our goal is to create added value for our customers and anticipate their needs by utilizing the best practices and operating methods in all of our operating areas, ” Juha Ruotsalainen, Veho President and CEO.

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