Boreo Plc has agreed to acquire Elfa Distrelec's sales operations in the Baltics from RS Group plc, aiming to enhance service offerings and expand its market presence.

Target Information

Boreo Plc has reached an agreement to acquire the sales operations of Elfa Distrelec across Finland, Latvia, Estonia, and Lithuania, collectively referred to as the 'Sale Businesses,' from RS Group plc (the 'Transaction'). This acquisition will be executed through Boreo's subsidiaries. Upon completion, the businesses will be consolidated into a new entity named YE RS, which will integrate the Elfa Distrelec operations with existing RS activities already managed under Yleiselektroniikka, YE International AS, YE International SIA, and UAB YE International.

Once the Transaction is finalized, YE RS is poised to emerge as a high-service, digital-driven distributor of industrial and maintenance, repair, and operations (MRO) products in Finland and the Baltic region. Boreo and RS are committed to jointly fostering the growth of this new business, which aims to enhance customer offerings, improve service quality, streamline operations, and provide value-added services.

Industry Overview in the Baltics

The industrial and MRO sectors in the Baltic countries have seen considerable growth, fueled by increased investments in infrastructure and manufacturing. As these economies continue to evolve, there is a significant demand for high-quality, reliable supplie