Sale of Share Capital to Relais Group
We assisted Lumise Oy, a Finnish e-commerce operator specialised in lighting solutions for vehicles, and its procurement company Optisell Oy in the sale of Lumise’s entire share capital by the private owners of the company to Nordic Relais Group Plc.
With the acquisition, Relais can accelerate its growth by utilising digitalisation, e-commerce solutions and data analytics.
‘Over the past years, we have invested in back-end systems that enable international scalability. As a part of the Relais Group, we can now get the most out of these investments with the largest product range in Europe’, said Kari Kauhanen, CEO of Lumise.
Specialised in the online sales of vehicle lighting, Lumise is the leader in its field in the Nordics, and a fast-growing player in Europe. Lumise has a Swedish subsidiary called Design by Scandinavian Metal AB, which in addition to engaging in e-commerce, develops model-specific auxiliary lighting.
Relais Group is the leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries and is an industrial operator with a sector focus in vehicle life cycle enhancement and related services. Relais Group’s net sales in 2020 were EUR 128.9 million and it employed almost 300 professionals in six different countries.