Mekonomen to acquire Koivunen for $127m.

Mekonomen, a wholesaler and distributor of automotive parts and accessories, agreed to acquire Koivunen, an importer and distributor of passenger and commercial vehicles, for $127m. “I am very glad to announce this important step. The acquisition of Koivunen is in line with our well-proven strategy to create value through carefully selected acquisitions, as we have previously done in Sweden, Norway, Denmark and Poland. Koivunen is a prosperous company with strong brands that will continue to develop in its existing company structure as its own business area. With Koivunen in MEKO, we take a clear step towards the goal of being the best and most comprehensive partner for everyone who owns and services vehicles in Northern Europe," Pehr Oscarson, MEKO President and CEO.