Relais Group Oyj (HLSE:RELAIS) signed an agreement to acquire Adita Oy from Timo Alakuijala and Tapani Holm on March 29, 2023. Adita has net sales of €5.6 million in 2022. In connection with the Corporate Acquisition Adita’s director of sales and partner Timo Alakuijala is appointed managing director of Adita, and the founder and main shareholder Tapani Holm continues as an employee of the company and as a board member. Adita will be consolidated into Relais Group from the beginning of March 2023.

Relais Group Oyj (HLSE:RELAIS) completed the acquisition of Adita Oy from Timo Alakuijala and Tapani Holm for €1 million on March 29, 2023.