This is Sareq's thirteenth acquisition overall and second in 2024. The acquisition is made by Sareq's portfolio company Nitton93, with OSS Nordic operating as an independent sister company to Nitton93's existing operations in Sweden and Norway.
As part of bolstering its offering to the retail and service trade sectors, Nitton93 has acquired a majority stake in OSS Nordic AB. OSS Nordic will continue to operate as its own entity within the Nitton93 Group. The company's CEO, Anna Helldin, and Studio and IT Manager, Therese Bäck, will remain in their current roles.
Founded in 2017, OSS Nordic specializes in corporate branding and store communication, helping businesses and organizations enhance their visual identity and build their brand. Based in Sollentuna outside Stockholm, OSS Nordic has sales offices in Oslo, Gothenburg, Sveg, and Jönköping, where warehouse and logistics facilities are also located. The company generates approximately 85 million SEK in revenues with strong profitability.
"To ensure the company's continued growth, we've been seeking new a operational partner for several years. We're thrilled to have found a new partner in Nitton93 who shares our customer focus and values, and who wants to help further develop OSS Nordic.""
Anna Helldin, CEO of OSS Nordic
OSS Nordic aligns perfectly with us and enhances our offering to the Nordic retail and service trade sectors. We're excited to collaborate with Anna, Therese, and the rest of the OSS Nordic team to evolve our customer offerings together.""
Erik Hagerius, CEO of Nitton93
"OSS Nordic has done an outstanding job of working closely with its customers since its inception in 2017, and we have been following their journey closely. Besides fitting well with Nitton93, we are also impressed by their sustainability efforts, including joining the Science Based Targets initiative (SBTi) and focusing on five of the United Nations global sustainability goals.""
– Joachim Palmé, VD Sareq