Bygghemma Group (“Bygghemma”) has acquired 100 percent of the shares in Lindström & Sondén AB (“LSBolagen.com”), a leading online retailer, primarily of wine fridges, outdoor kitchens and range cookers, with proprietary brands and agents for a number of leading European brands. Bygghemma Group has thereby strengthened its portfolio of leading proprietary brands and its expertise in these categories. LSBolagen.com had sales of over SEK 100 million in 2018.
Over the past three years, LSBolagen.com has reported a compound annual growth rate (CAGR) of 34 percent. Bygghemma has acquired 100 percent of the shares in the company. The company will be consolidated in Bygghemma Group’s DIY segment. Bygghemma Group will continue to operate LSBolagen.com as an independent entity. Carsten Juldorf will continue to serve as CEO and the operations will be conducted from Ängelholm, Sweden.
Bygghemma Group is the leading online supplier of home improvement products in the Nordic region. They offer their customers a broad product range at attractive prices, with convenient home delivery. They 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 had sales of approximately SEK 5 billion in 2018, has its head office in Malmö and is listed on Nasdaq Stockholm Mid Cap.
Martin Edblad, acting President and CEO of Bygghemma Group, comments:
“We are pleased and proud to have further strengthened our position in the rapidly growing market for proprietary branded DIY and home furnishing products in the Nordic region and Europe through the acquisition of LSBolagen.com. The acquisition of LSBolagen.com has allowed us to secure a specialist with a leading assortment of proprietary brands that has developed an impressive, robust position in its niches over the past few years.”
Carsten Juldorf, CEO of LSBolagen.com, comments:
“We are delighted to have become a part of Bygghemma Group. This is a major opportunity to accelerate our development and growth, both by further expanding our leading assortment of proprietary branded products and by gaining access to Bygghemma Group’s leading Nordic platform.”
IMAP advised the sellers throughout the process.