Core Viewpoint - Solar Norge AS has signed an agreement to acquire 100% of Sonepar Norge AS for an enterprise value of DKK 315 million, with the transaction expected to enhance operational and commercial synergies, driving growth and earnings in the Norwegian market [1][2][5] Transaction Overview - The acquisition will be financed through a combination of 1/3 equity financing and 2/3 debt financing, with expected acquisition costs of DKK 5 million in 2025 [1][6] - The transaction is subject to regulatory approvals and is anticipated to be completed by early December 2025 [6][8] Strategic and Financial Rationale - The combination of Solar and Sonepar is seen as a unique opportunity to create a leading distributor in Norway, focusing on electrical, ventilation, climate, and energy solutions [5][6] - The acquisition is expected to generate a combined annual revenue of approximately DKK 2.5 billion and a portfolio of 25,000 stock keeping units (SKUs) [3][6] Company and Market Position - Sonepar Norge has a strong market presence with an annual revenue of approximately DKK 700 million, a loyal customer base of nearly 4,000, and a comprehensive portfolio of over 12,000 SKUs [2][3] - The integration of operations is expected to yield significant operational synergies, including consolidation of administration, logistics, and IT infrastructure [7][8] Sustainability Focus - Both companies emphasize sustainability, with Sonepar focusing on ESG-compliant sourcing, which aligns with Solar's commitment to driving the green transition [2][10]