NEWS
Date: 7th April 2025
Boreo Plc acquires Elfa Distrelec sales activities in Finland and the Baltics from RS Group and creates a new business by combining the acquired operations with its existing RS business
We are pleased to inform you that Boreo Plc has signed an agreement to acquire the sales activities of Elfa Distrelec in Finland, Estonia, Latvia and Lithuania from RS Group plc and announced to create a new business by combining the acquired operations with its existing RS business.
This means that following completion of the transaction, the acquired Elfa Distrelec operations will be combined with Boreo’s existing RS business currently operated under Yleiselektroniikka in Finland and YE International in the Baltics.
With the new combined business we will provide customers with significantly wider product offer, improved customer experience, operational efficiencies and value-add services. Boreo and RS together plan to drive the future growth and aim to create a high-service, digital-led distributor of industrial and MRO products in Finland and the Baltics.
“Our history with RS dates back to early 1990s’ and we are delighted to strengthen our long-standing partnership with RS and to continue creating value in our markets. The strong alignment of RS and Boreo to drive sustainable long-term growth, build on partnerships and high standards of business ethics create a strong foundation for continued partnership and success. We are excited of the opportunity to create a new integrated growth platform, with attractive investment opportunities and an opportunity to create value for our customers” says Boreo CEO Kari Nerg.
Completion of the transaction is subject to customary closing conditions and regulatory clearance in Finland and Estonia and is expected to be completed in the third quarter of 2025. The process has begun, and we have every confidence that we will be able to proceed with the acquisition. Until then, both businesses will continue to operate entirely independently and there will be no immediate changes for our customers.
We will keep you updated on the process and will be happy to answer any questions you may have.
We will keep you informed about the progress and will be happy to answer all your questions.