LEASE DEAL GROUP HAS SOLD RASKONE TO RELAIS GROUP

January 29th, 2021

Lease Deal Group

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29.1.2021/12.50/XNUMX at XNUMX:XNUMX PM

Lease Deal Group Plc

 

LEASE DEAL GROUP HAS SOLD RASKONE TO RELAIS GROUP

The Lease Deal Group conglomerate (”LDG”) and Relais Group Oyj (”Relais”), which is listed on the First Exchange of the Helsinki Stock Exchange, have today signed a deed of sale in which Relais has acquired the entire share capital of Raskone Oy (”Company”) from LDG and its’ CEO Jan Popov.

The deed of sale has been signed today and has taken immediate effect. Jan Popov will continue in his role as the CEO of the sold Company. The purchase price of the share capital, which is approximately €30.7 million, will be paid mainly in cash..

Raskone Oy is a ocmpany that concentrates on heavy commercial vehicle maintenance and repair services with 19 places of business across Finland. It employes approximately 460 people.

LDG had acquired the Company from the Finnish state in 2018, after the Company being on sale for a long period of time..

“” The Company was unprofitable in 2018 and there was a lot of work to be done to turn it around. We expected it to take several years, which we were also prepared for, as well as being prepared in making significant investments for the development of the Company. Thanks to the new strategy brought by the new owner and motivated personnel, the Company turned profitable in its first year in the ownership of our group. Now that the Company has become clearly profitable, it is a natural place to hand over the Company to a growing and solvent listed company, which we strongly believe will guarantee the Company its next leap forward in both growth and profitability,” says Mikko Aaltonen, CEO of LDG.

Lease Deal Group is a Finnish conglomerate operating in Finland and the Baltic countries. Our main industries are real estate investment, real estate-related services and vehicle sales. Our turnover in 2020 was 130 m €.

 

More information Mikko Aaltonen CEO Lease Deal Group Plc | 040–486 1198

 

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