Musti Group to enter the Norwegian veterinary market
Musti Group plc Press Release 7 January 2025 at 4p.m.
Musti Group to enter the Norwegian veterinary market
Musti Norge AS, a 100% owned subsidiary of Musti Group plc (“Musti”) has signed a Share Subscription Agreement (SSA) to acquire 40% of Petrus Veterinærer AS (“Petrus”). The transaction was conducted as an issuance of new shares and the key personnel of Petrus are committed to continue developing the company with the strong support from Musti.
Petrus operates 2 clinics in the rapidly growing Norwegian veterinary market offering Norwegian pets and pet parents an irresistible value proposition, high quality veterinary services at an affordable cost. The turnover of Petrus was 13 million NOK in 2023 and the company is profitable.
“I’m thrilled to announce this joint venture, this is the natural next step for Musti in Norway and a great value adding service for our customers and all the pet parents in Norway. Petrus has succeeded in offering great customer satisfaction and we will continue to build on that foundation. I’m confident that this will be a successful venture for all parties” – David Rönnberg, CEO Musti Group.
Additional information:
Erik Ringen Skjærstad,
Head of New Markets
+47 922 38 015
erik.skjaerstad@musti.no
Robert Berglund
CFO
Tel. +358 50 534 8657
Distribution:
Main media
www.mustigroup.com
Musti Group in brief
Musti makes the life of pets and their owners easier, safer and more fun. We are the leading Nordic pet care company, and we operate an omnichannel business model to cater for the needs of pets and their owners across Finland, Sweden and Norway. We offer a wide, curated assortment of pet products. We also provide pet care services such as grooming, training and veterinary services in selected locations.
Musti Group’s net sales were EUR 426 million in the financial year 2023. At the end of the financial year 2023, the company had 1,643 employees, 1.5 million loyal customers and 342 stores.