The transaction, valued at EUR 3 million, was intended to expand ELKO Group’s footprint into the major domestic appliances segment. However, following the signing of the SPA and prior to closing, circumstances emerged that introduced a material adverse change under SPA, creating significant uncertainty around the transaction. In light of these developments, both parties understand the impossibility of proceeding with closing, and a formal termination notice was issued on July 17, 2025.
“While we remain committed to our strategic growth objectives, we must also uphold the highest standards of governance and risk management,” said Svens Dinsdorfs, Chief Executive Officer of ELKO Group. “We appreciate the constructive dialogue with involved teams of Aurdel Sweden and Deltaco Baltic and believe this decision reflects both parties' responsible and transparent approach.”
Provided the deal is fully reversed, no material financial impact is expected for ELKO Group.
About ELKO Group
The ELKO Group is one of the region's largest distributors of IT and consumer electronics products and solutions, representing 350 IT manufacturers. The company provides a wide range of products and services to more than 10 000 retailers, local computer manufacturers, system integrators and enterprises within various sectors in 13 countries in Europe. www.elkogroup.com