Storskogen UK acquires Extra UK
Storskogen has acquired its fourth company in the UK after taking a majority stake in Extra UK Ltd (“Extra UK”). The company is a leading distributor of premium cycle accessories and components, with annual revenue of approximately GBP 27.9m and annual EBIT of approximately GBP 3.5m for the twelve month period that ended on 31 October 2021.Since its establishment in 1995, Extra UK has developed a carefully curated portfolio of premium cycling parts and accessories, underpinned by longstanding relationships with category-leading global brands. Today, Extra UK, along with its Irish subsidiary