Hedin Mobility Group’s Acquisition of Laakkonen Group’s Automotive Business

Krogerus advised Laakkonen Group on the deal. Roschier represented Hedin Mobility Group.

Laakkonen Group announced the sale of its automotive business activities including new and used cars sales, after sales and spare parts, body and paint services and automotive support functions to Hedin Mobility Group.

Laakkonen is one of the largest car retailers in Finland, with revenues of MEUR 615 in 2021 and 855 employees in 21 outlets across 15 cities. The group sells approx. 25 000 cars annually, of which 10 000 new and 15 000 used. Laakkonen represents eight brands: BMW, MINI, Skoda, Ford, Opel, Nissan, Subaru and Mazda. The automotive operations of Laakkonen are divided in two separate entities: Veljekset Laakkonen which represents Nissan, Subaru, Mazda, Opel and are among the largest Skoda and Ford dealers in the country, and Bavaria Laakkonen, which is the largest BMW dealer in Finland as well as the only MINI dealer in the country. The shares in both Veljekset Laakkonen and Bavaria Laakkonen will be sold in the transaction to Hedin Mobility Group.

Hedin Mobility Group is a family-owned company, major detailer of vehicles and related automotive services in Sweden, Norway, Belgium and Switzerland. Acquisition allows Hedin Mobility Group access to Finnish market for the first time.

The Krogerus team was led by Partner Mika Ståhlberg (Picture), he was mainly assisted by Senior Associates Jasmin Wardi and Andreas Brink and Associates Annika Mattila and Juho Lakkala. Partner Mika Puittinen led the advice on IT separation matters and he was assisted by Counsel Essi Launonen. Partner Joakim Jansson advised on the real estate aspects of the transaction.

The Roschier’s core advisory team comprised Jan-Anders Wik, Jaakko Huhtala, Juska Simpanen (M&A), Antti-Jussi Partanen, Tuure Leponiemi, Olli Paavola (Real Estate & Environment) as well as Johanna Lilja, Johanna Flythström and Emma Swahne (Intellectual Property).

Involved fees earner: Andreas Brink – Krogerus Attorneys Ltd; Joakim Jansson – Krogerus Attorneys Ltd; Juho Lakkala – Krogerus Attorneys Ltd; Essi Launonen – Krogerus Attorneys Ltd; Annika Mattila – Krogerus Attorneys Ltd; Mika Puittinen – Krogerus Attorneys Ltd; Mika Ståhlberg – Krogerus Attorneys Ltd; Jasmin Wardi – Krogerus Attorneys Ltd; Johanna Flythström – Roschier; Jaakko Huhtala – Roschier; Tuure Leponiemi – Roschier; Johanna Lilja – Roschier; Olli Paavola – Roschier; Antti-Jussi Partanen – Roschier; Juska Simpanen – Roschier; Emma Swahne – Roschier; Jan-Anders Wik – Roschier;

Law Firms: Krogerus Attorneys Ltd; Roschier;

Clients: Hedin Mobility Group AB; Kauppahuone Laakkonen Oy;

Federica Tiefenthaler

Author: Federica Tiefenthaler