Office Depot Europe (ODE) has completed the divestment of Office Depot Nordics to its CEO Frank Egholm in a family backed management buy-out transaction.
ODE’s decision to divest its business in Sweden and the wider Nordics region comes after a successful transformation of the business since its acquisition by Aurelius in January 2017. Since then, Office Depot’s Nordics business has expanded its product and service offerings, its retail channel has been integrated into a multichannel approach, and the business has continued to foster its position among the top 3 leading players in its core Swedish market.
“I’m truly excited to have this opportunity because Office Depot Nordic is a fantastic company. We have come a long way the past few years, but there is still a great potential for evolving the business further.”
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