Desenio announces closing of Poster Store acquisition
Stockholm, Sweden – Reference is made to the announcement made on 25 November 2020 by Desenio Holding AB (“Desenio”) on the acquisition of Poster Store Sverige AB (“Poster Store”). Desenio is pleased to announce that the acquisition was completed on 17 December 2020.
In connection with closing of the acquisition, a bond has been issued in Desenio. Following the acquisition, major shareholders and the management of Desenio are considering various strategic alternatives for the Group’s future, which may include both organic and inorganic growth initiatives, as well as offers to new investor(s)
About Desenio
Desenio is Europe’s premier online store for art prints and frames, shipping to more than 35 countries worldwide. Our business idea is simple: on-trend and attractive wall art should be available to everyone. In 2020 we acquired Poster Store, creating a group with 220 employees and over 1 billion SEK in revenue. Working from our headquarters in Stockholm, Sweden, we are on a mission to help people worldwide create beautiful homes through affordable wall art. Desenio is backed by Verdane, a specialist growth equity investment firm that partners with ambitious Northern European tech-enabled businesses. For more information, please visit www.desenio.com.
Press contacts
Fredrik Palm, CEO
+46 70 080 76 37
