Eniro acquires 118 800
Eniro is to acquire the directory enquiry company, 118 800, and thus strengthen its position in the Swedish market for personal search engines.Today, Eniro signed an agreement to acquire the directory enquiry company, 118 800, with associated brands, telephone numbers and other intellectual property rights. The purchase consideration totals SEK 20 million in cash on completion of the transaction, while the remaining remuneration, maximum SEK 30 million, will be based on the company’s performance in the coming two years. 118 800 is profiled as the low-cost alternative among Swedish
