Bygghemma Group strengthens its position in windows and doors through acquisition of Nordiska Fönster
Bygghemma Sverige (“Bygghemma”) has acquired 100 percent of the online operator Nordiska Fönster i Ängelholm AB (“Nordiska Fönster”). Nordiska Fönster, founded in 2011, offers primarily high-quality windows and doors at competitive prices. The business has reported a compound annual growth rate (CAGR) of approximately 29 percent over the past three years and sales of just over SEK 50 million with a marginal profit in 2018.
Mikael Olander, President and CEO of Bygghemma Group, comments: “Through the acquisition of Nordiska Fönster, we are consolidating Bygghemma’s leading online position for windows and doors. By leveraging our size in purchasing and marketing, in addition to certain synergies in other areas, we are expecting to achieve continued rapid and profitable growth. We would like to welcome Nordiska Fönster’s fantastic management team and employees to Bygghemma.”
Bygghemma will continue to operate Nordiska Fönster as an independent entity within the DIY segment in Sweden.
For more information, please contact:
Mikael Olander, President and CEO of Bygghemma Group
Tel: +46 708 19 43 00
Jimmy Sandberg, President of Nordiska Fönster
Tel: +46 431 371 490
This information was submitted for publication, through the agency of the contact persons set out above, at 10:00 a.m. CET on 1 March 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 5 billion in 2018, has its head office in Malmö and is listed on Nasdaq Stockholm Mid Cap.