Ahlsell has announced its acquisition of Swennex AB, a hardware retailer in Trelleborg, which will enhance both companies' market position and customer offerings.

Target Overview

Ahlsell, through its subsidiary Prevex AB, has signed an agreement to acquire Swennex AB, a well-established hardware retailer located in Trelleborg, Sweden. Swennex operates with a team of 10 employees and generates annual revenues of approximately 30 million SEK.

As a reputable business with strong local connections, Swennex serves a diverse customer base by providing a wide range of products, including hydraulics, industrial supplies, tools, workwear, and equipment for park, forestry, and gardening applications. Swennex also promotes sustainable practices through its service workshop and equipment rental, enabling customers to make environmentally sound choices by utilizing reuse options.

Industry Overview

The hardware retail industry in Sweden is characterized by steady growth, driven by increasing demand for home improvement and renovation projects. Over t