Solar A/S has finalized its acquisition of Sonepar Norge for DKK 315 million, enhancing its position in the electrical and climate solutions sector.

Target Information

Solar A/S has finalized its acquisition of Sonepar Norge, marking a strategic enhancement for both companies. Under the terms of the deal, which was publicly announced on October 22, 2025, Solar Norge acquired Sonepar Norge for an enterprise value of DKK 315 million. This acquisition, categorized as a bolt-on transaction, aims to consolidate their positions in the distribution market of electrical, ventilation, and climate and energy solutions.

The combined entity will provide an extensive portfolio comprising 25,000 stock-keeping units (SKUs) and is projected to generate annual revenues of approximately DKK 2.5 billion. For the year 2026, Sonepar Norge is anticipated to contribute revenues exceeding DKK 700 million, although it may also present an EBITDA loss of around DKK 30 million due to expected transition costs of approximately DKK 60 million, primarily impacting the first quarter of 2026. The integration process for both businesses is set to conclude by the end of the first half of 2026.

Industry Overview

Denmark's distribution industry, particularly in electrical and climate solutions, is witnessing significant transformation. The market is characterized by increasing demand for energy-efficient and sustainable products, wit