Litorina et al. invest in Kontorsvaruhuset Gullbergs merger

Majority shareholder Litorina, together with private investors Carl Lindgren, Anders Bogren, Fredrik Paulsson and the companies' management will be the main investors in the new group.

Scandinavian Office Group AB is the parent company of Gullbergs Kontorscenter AB. It has agreed to acquire Kontorsvaruhuset Sverige AB from entrepreneur Carl Lindgren in order to facilitate the merger.

The deal is expected to close in early April.

Tomas Bergström will assume the position of CEO for the combined group. Mats-Ola Schulze and Anders Thelenius, today managing directors of Gullbergs and Kontorsvaruhuset respectively, will both be deputy CEOs of the new group.

Michael Andersson, previously CEO of the Svanströms Group in 2001-2011, is chairman of the company's board of directors.

Company
Based in northern Sweden, Kontorsvaruhuset Gullbergs provides office supplies from 40 outlets across the country, as well as several call centres. The company will also trade via e-commerce.

The group will offer its products to approximately 60,000 customers in private and public sectors in Sweden.

The new business will have a turnover of approximately SEK 1.1bn and around 500 employees.

People
Paul Steene is a partner at Litorina and investment adviser to Litorina IV. Tomas Bergström is the CEO of Scandinavian Office Group. Carl Lindgren was the owner of Kontorsvaruhuset prior to the transaction.

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