Kesko acquires 1A Group, becomes largest omnichannel in the Baltics.
Kesko Corporation, a Helsinki, Finland-based retail conglomerate, announced the acquisition of 1A Group, one of the leading online retail market players in the Baltic states.
The deal, which has financial details undisclosed, was made through Kesko Corporation's joint venture in the Baltics, Kesko Senukai. The acquisition of 1A Group will make Kesko Senukai one of the leading e-commerce operators in the Baltics with online operations in Estonia, Latvia and Lithuania.
1A Group was founded in 2002 and has grown into one of the leading online retail market players in the Baltic states. The company started as an electronics online retailer, but has since transformed into a multi-industry product online retailer. In 2017, it had net sales of approximately €41 million.
By acquiring 1A, Kesko will gain a strong foothold in the Baltic countries’ growing ecommerce market.