Bygghemma Group consolidates position in Norway through acquisition of the online store VVSKupp (Designkupp AS)
Bygghemma Sweden (“Bygghemma”) has acquired 95 percent of Designkupp AS (“VVSKupp”) as of today. VVSKupp, which was founded in 2005, is the leading online player in Norway within bathroom products, with sales of approximately MSEK 100 million in 2018 and an EBIT margin of over 3 percent.
Mikael Olander, President and CEO of Bygghemma Group, comments: “Through the acquisition of VVSKupp, we’re consolidating Bygghemma’s leading position in Norway considerably. VVSKupp is the largest online player in its segment and will help to strengthen Bygghemma’s category expertise and leadership in Norway. We are very pleased that VVSKupp and its competent leadership will become a part of Bygghemma Group.”
Bygghemma will continue to operate Designkupp AS as an independent entity within the DIY segment in Norway.
For more information, please contact:
Mikael Olander, President and CEO of Bygghemma Group
Tel: +46 708 19 43 00
Håkon Tegneby, CEO of Designkupp
Tel: +47 932 178 57
The information was submitted for publication, through the agency of the contact persons set out above, at 17:30 CET on 29 January 2019.
About Bygghemma Group
Bygghemma Group is the leading online supplier of home improvement products in the Nordic region. We offer our customers a broad product range at attractive prices, with convenient home delivery. We conduct operations in two segments: DIY and Home Furnishing. DIY comprises sales of products from well-known brands for homes and gardens, and Home Furnishing comprises sales of furniture and home decor, mainly under proprietary brands. Bygghemma Group includes a wide range of webstores, such as Bygghemma, Trademax, Chilli and Furniturebox. Bygghemma Group had sales of approximately SEK 4.4 billion in 2017, has its head office in Malmö and is listed on Nasdaq Stockholm Mid Cap.