As stated in the official announcement, “this is a strategic step focused on stability, progress, and long-term growth. The transition is guided by shared values, a unified vision for development, and a deep belief in the power of people.”
Praktiker Hellas continues its operations with the same team, the same organizational structure, and the philosophy that has always defined it, ensuring full continuity across all levels of activity. Its employees remain at the center of the organization, with this new partnership further strengthening their role and contribution.
Dedeman was founded in 1992 and today operates 64 DIY stores in Romania, five modern logistics centers, a privately owned transport fleet, and employs over 13,500 people, making it the undisputed leader in the sector in the country. Its business model is based on constant customer focus, empowering its people, and consistently supporting local communities.
Details of the Agreement
As the company explains, under the agreement, Praktiker Hellas has signed a notarial pre-agreement with Eurobank for the acquisition of all the properties it currently leases. This development ensures operational continuity, long-term stability, and strengthened business control for the company in the Greek market.
Dragos Paval, Chairman of Dedeman, stated:
“From the very beginning, we felt a strong connection with Praktiker Hellas—in the way it cares for its customers, supports its employees, and respects its communities. We did not come to make sudden changes, but to build on the solid foundation already in place. We believe that together, we can shape a strong and sustainable business model that delivers lasting value to employees and customers.”
Christos Lampropoulos, CEO of Praktiker Hellas, stated:
“Today’s development marks a milestone in our journey, which continues with consistency and strategic direction. We have built an organization with a strong identity, a people-centered approach, and a stable presence in the Greek market. The partnership with an international player who brings deep experience in the sector, advanced infrastructure, and a clear strategy significantly strengthens our shared vision. Together with Dedeman, we are moving forward even more dynamically, guided by the same values that define us: respect for people, trust in the Greek market, and commitment to sustainable progress—for the benefit of our customers, our employees, and the local communities.”
