PARIS — Rexel has reached an agreement to sell its Finnish operations to Ahlsell, a Nordic regional distributor of installation products, tools, and supplies. With 311 employees, Rexel’s Finland operations generated sales of €254 million (about USD 291 million) in 2024.
The divestment of Rexel Finland is fully in line with the Group’s active portfolio management strategy, which prioritizes acquisitions in combination with targeted divestments designed to allocate resources to markets offering the highest value-creation potential for Rexel.
Since 2021, Rexel has acquired approximately €2.7bn1 (about USD 3.1bn) worth of additional sales (14% of global turnover) and divested €600 million1 (c.3% of global turnover) (about USD 688 million).
The completion of the transaction remains subject to customary regulatory clearance, including the approval of the competition authorities.