Telko has acquired the Business of Square Oil A/S
Finnish chemical distributor Telko Ltd. (Helsinki, Finland) announced yesterday that the company has acquired the business of Danish Lubricants service and distribution company Square Oil A/S (Aalborg, Denmark). Sqare Oil distributes Industrial Lubricants in Denmark and Norway. Its main principal is BP Castrol. Telko said it has a long-standing co-operation with this company in Finland, Sweden and Norway.
The acquired business has a turnover of ca. EUR 3 mn, half in Denmark and half in Norway. Telko said the tranaction will not have a significant impact on it’s financial results for 2018.
Source: Telko (Aspo) press release
HGE – DCG / 17.08.2018
DistriConsult comment: Telco Ltd is owned by Aspo Plc, a Helsinki- based conglomerate that “owns and develops business operations in Northern Europe and growth markets focusing on demanding B-to-B customers.” The group’s brands include ESL Shipping, Kauko, Leipurin and Telko.