Solar A/S: No. 17 2025 Solar's acquisition of Sonepar Norge finalised

Core Viewpoint - Solar Norge has successfully finalized the acquisition of Sonepar Norge for DKK 315 million, enhancing its position in the distribution of electrical, ventilation, climate, and energy solutions [1][2]. Group 1: Acquisition Details - The acquisition is characterized as a bolt-on acquisition, which will create a combined portfolio of 25,000 SKUs and generate an annual revenue of approximately DKK 2.5 billion [2]. - Sonepar Norge is projected to deliver revenue of DKK 700 million in 2026, with an EBITDA of approximately DKK -30 million due to estimated transition costs of around DKK 60 million, primarily incurred in Q1 2026 [3]. - The integration of the two businesses is expected to be completed by the end of the first half of 2026, with minimal impact on Solar Group's results for 2025, aside from acquisition costs of approximately DKK 5 million [3]. Group 2: Company Overview - Solar is a leading European sourcing and services company focused on electrical, heating and plumbing, ventilation, climate, and energy solutions, with a revenue of approximately DKK 12.2 billion in 2024 and around 2,900 employees [4][5]. - The company is committed to driving efficiency improvements and facilitating the green transition through best-in-class solutions and digital tools [5].