Posten, the Swedish postal company, said it has completed its public offer for shares incommunications and IT business information company Strålfors, and plans to buy out the remaining
shareholders. It had earlier received clearance for the deal from competition authorities in Swedenand Norway.Posten has received acceptances from Strålfors shareholders corresponding to 98.93% of sharesand 99.36% of votes in the company. It has extended its offer to the remaining minorityshareholders until May 31, and will initiate compulsory purchase of remaining shares shortly.
Posten’s CEO, Erik Olsson, commented: “I am pleased that the acquisition now can becompleted. This will give Posten’s and Strålfors’ customers access to a broader offering that willprovide them with the possibility of making their customer and business communication even moreeffective. The acquisition will increase Posten’s competitive position on the market forinformation logistic services, which is in line with our defined strategy and vision to deliverworld-class communications and logistics solutions.”
Strålfors, with net sales of SEK 3.4 billion and 2,000 employees in 12 countries, providesIT-based business information communications services. The acquisition values Stralfors at SEK2,031 million (€217 million).
