Aurelius-backed Office Depot sells Nordic operations to management

Following the sale, the business will focus on its core European e-commerce activities, according to a statement from Aurelius.

Aurelius wholly owns Netherlands-based Office Depot Europe, which it acquired from its US-based parent company in September 2016. At the time, the company had 6,500 employees and reported 2015 EBITDA of approximately €45m on revenues of €2bn.

The company has undergone a restructuring under Aurelius's ownership. The GP sold the company's eastern European operations to Austria-based PBS in November 2019, as reported.

The GP noted in a coronavirus update statement in April 2020 that Office Depot Europe had seen some big corporate accounts reducing their orders, since their employees were now working from home.

Company
Office Depot Nordics is a subsidiary of Office Depot Europe. The company sells office supplies, furniture and technology, ranging from paper and notebooks to printer cartridges.

Based in Sola, Sweden, the Nordic branch has 450 employees. In addition to its head office, the company has a logistics base and warehouse in Strängnäs. The Nordic operations were formed via the acquisition of AGE Kontor & Data in 2008.

People
Office Depot Nordics – Klaus Egholm (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Benelux
• Consumer
• Netherlands
• Sweden
• Aurelius Equity Opportunities