Tokmanni has acquired 100% of the shares of Sweden-based discount retail chain Dollarstore. Credit: Tiia Monto/ commons.wikimedia.org.

Finland-based discount retailer Tokmanni has agreed to acquire Sweden-based discount retail chain Ahlberg-Dollarstore AB and Ahlberg Dollarstore ApS (Dollarstore). 

As part of the agreement, Tokmanni will acquire 100% of Dollarstore’s shares in a deal valued at €170.4m ($186.06m), which will be paid in cash. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Dollarstore operates a network of 130 stores across Sweden, with a central warehouse located in Örebro.  

In addition, the retailer owns two stores in Denmark after expanding under the brand name Big Dollar last year. 

The acquisition aligns with Tokmanni’s strategy to build a solid platform for further growth and expand its operations beyond Finland. 

The combined entity will also gain a strong position in the Nordic discount retail markets and benefit from scale in purchasing and distribution. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Tokmanni president and CEO Mika Rautiainen said: “I’m extremely delighted that Tokmanni has this exceptional opportunity to build one of the leading Nordic discount retail chains together with Dollarstore. Tokmanni and Dollarstore complement each other in the best possible way. We both share the same values, positive people culture, strong price image and well-aligned product categories.  

The deal is subject to customary closing conditions but no regulatory approvals. It is expected to close on 1 August 2023. 

Following the acquisition, Dollarstore will continue to operate in Sweden and Denmark under the same brand. 

Dollarstore CEO Anders Kind and management team members will continue to operate the business. 

Rautiainen added: “By combining our strengths and expertise, we are able to serve our customers even better by offering them our unbeatable prices and an exciting product assortment. Dollarstore and its employees will become a very important part of the new Tokmanni Group and I am convinced that together we will thrive even beyond what we have done before.”