Solar – Solar A/S: No. 17 2025 Solar’s acquisition of Sonepar Norge finalised
On 22 October 2025, we announced that Solar Norge had signed an agreement to acquire Sonepar Norge for DKK 315m (Enterprise Value).
All regulatory approvals have now been obtained, and the business deal was finalised today.
As previously announced, the acquisition is a bolt-on acquisition, positioning the combined businesses as one of the leading distributors offering efficient sourcing and services mainly within electrical, ventilation, and climate and energy solutions. Together, the two companies will offer a portfolio of 25,000 SKUs and generate an annual revenue of approximately DKK 2.5bn.
For 2026, Sonepar Norge is expected to deliver revenue of DKK +700m, with an EBITDA of approximately DKK -30m, impacted by estimated transition costs of approx. DKK 60m, of which the majority will be incurred in Q1 2026. Integration of the businesses is targeted for completion by the end of H1 2026.
The acquisition is not expected to have an impact on the Solar Group results in 2025 except for the acquisition costs of approx. DKK 5m.
SourceSolar
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More information on Sonepar Norway by Solar Norge A/S by Solar: https://www.sonepar.no/nb-no + Sonepar Norway offers its customers the most efficient and effective service in the country’s electrical market.
Sonepar has 13 branches and 150 associates in Norway, as well as a high-tech automated warehouse. Our main goal is to enable our customers to meet their electrical power needs, provide the best possible services, and gain excellent knowledge. Through quality products and digital services, we strive to help our customers better satisfy their own customers’ needs.
Sonepar Norway has a loyal base of almost 4,000 customers, including many longstanding relationships spanning over 10 years, a central warehouse in Drammen, a comprehensive portfolio of 12,000+ stock keeping units (SKU) with focus on ESG-compliant sourcing, 13 locations powered by highly skilled teams, an annual revenue of approx. DKKK 700m and 115 highly skilled employees.
More information on Lars Hamborg (Managing Director, Sonepar Norway, Solar Norge A/S, Solar): See the full profile on EMR Executive Services
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More information on Philippe Delpech (Permanent Representative of Colam Entreprendre and President, Sonepar): See the full profile on EMR Executive Services
More information on Jérôme Baniol (Chief Financial Officer and M&A, Sonepar + Member of the Sonepar Executive Committee (SEC), Sonepar): See the full profile on EMR Executive Services