Volati acquires Akademibokhandeln and Bokus
Volati AB is acquiring Akademibokhandeln Holding AB — Sweden’s leading book retailer with a successful omnichannel strategy and the online retailer Bokus — at an estimated enterprise value of around SEK 760 million. In 2016, the company had net sales of around SEK 1.8 billion and an EBITDA of SEK 125 million. The acquisition is expected to positively impact Volati’s earnings in 2017. Akademibokhandeln will comprise a new, fourth business area at Volati.Akademibokhandeln is the market leading book retailer in Sweden with a market share of about 35% of consumer book retailing and has a strong