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Mekonomen AB ( (SE:MEKO) ) has provided an announcement.
MEKO is consolidating leadership of its Norwegian operations by appointing Geir Hoff, currently head of Mekonomen and MECA in Norway, to oversee the entire business in the country. He will now also be responsible for Sørensen og Balchen, integrating its longstanding wholesale and BilXtra retail and workshop concept more tightly with MEKO’s broader Norway platform.
The change follows the retirement of Morten Birkeland, who has led Sørensen og Balchen for 18 years and exits Group Management on July 1, 2026. The transition coincides with the rollout of MEKO’s new automated central warehouse outside Oslo, which unifies goods handling for Mekonomen, MECA, and Sørensen og Balchen and is expected to strengthen logistics efficiency and customer service in the Norwegian market.
The most recent analyst rating on (SE:MEKO) stock is a Hold with a SEK75.00 price target. To see the full list of analyst forecasts on Mekonomen AB stock, see the SE:MEKO Stock Forecast page.
More about Mekonomen AB
MEKO AB is a leading automotive aftermarket company in Northern Europe, focused on supplying parts, services, and workshop concepts for vehicle maintenance and repair. The group operates around 600 branches and serves 20,000 workshop customers across eight countries under brands such as Mekonomen, MECA, Sørensen og Balchen, BilXtra, FTZ, Fixus, Inter-Team, and Balti Autosaad.
Average Trading Volume: 150,234
Technical Sentiment Signal: Sell
Current Market Cap: SEK3.82B
For a thorough assessment of MEKO stock, go to TipRanks’ Stock Analysis page.