Danish retail group set to acquire Baltic retail chain Rimi
The Salling Group, Denmark's largest retailer, has made a major move into the Baltic region by agreeing to acquire Rimi Baltic for an estimated €1.3 billion from ICA Gruppen.
Rimi Baltic operates retail chains across Latvia, Lithuania, and Estonia, and this acquisition includes over 300 Rimi stores. This marks a significant expansion for Salling Group in Northern Europe, reshaping the Baltic and Scandinavian grocery market.
Key details of the acquisition include the transfer of ownership of ICA Gruppen’s wholly owned Rimi Baltic business, a leading grocery retail operation in Estonia, Latvia, and Lithuania. The deal also includes the acquisition of distribution centers and warehouses.
While the exact number of employees at Rimi Baltic is not specified, Salling Group overall employs about 70,000 people across its operations in Denmark, Poland, Germany, and the Baltics combined.
The acquisition aligns with Salling Group’s strategic growth plan, ASPIRE ’28, which aims for expansion through acquisitions and innovation, expanding their retail footprint beyond their existing approximately 2,100 stores across several countries. This transaction marks one of the largest Baltic deals of the decade, strengthening Salling Group’s presence in the region and offering a platform for further growth.
In summary, Salling Group's purchase of Rimi Baltic adds a vast network of over 300 stores and significant operational assets to their portfolio, broadening their reach into the Baltic grocery market at a price valuation around €1.3 billion. The acquisition also includes an e-commerce platform, further expanding Salling Group's digital offerings.
- The acquisition of Rimi Baltic by the Salling Group, a leading retailer in Denmark, positions them as a formidable force in the Baltic and Scandinavian retail industry.
- With the addition of Rimi Baltic's operations in Latvia, Lithuania, and Estonia, the Salling Group is poised to expand its business horizons, particularly in finance, as they aim to reach a customer base of over 300 retail stores and 70,000 employees across various European countries.
