Falun, 24 September 2025.
Press release from ScandBook Holding AB publ.
ScandBook has today acquired all shares in Nörhaven Book A/S and Bjerringholm Ejendomme ApS. The acquisition is in line with ScandBook's strategic goals of expansion in German, Dutch and other well-established European markets as well as diversification of the customer base. All in all, this represents an important step towards long-term growth and competitiveness.
Nörhaven Book, located in Viborg in Jutland in Denmark, is a profitable company with sales of DKK 123.2 million in 2024 and an EBITDA of DKK 8.6 million. The number of employees is approximately 70. The company, which mainly produces various types of softcovers, including paperbacks, has for many years built up a strong customer base based on high competence and service level. The company's customers are mainly found in the Northern European market, including the UK and Ireland.
Bjerringholm Ejendomme's property consists solely of Nörhaven Book's premises. The company's book value amounts to DKK 23.8 million at the end of 2024.
The purchase price for the two companies amounts to a total of DKK 53.3 million, of which DKK 23.8 million for Nörhaven Book A/S and DKK 29.5 million for Bjerringholm Ejendomme ApS.
The purchase is financed with a bank loan of 50% from Swedbank taken out on market terms and as collateral for the loan the shares in the two acquired companies are pledged, 13% is financed through a 5-year seller's promissory note at 5% annual interest and the remainder from own funds in the Group.
The acquisition is subject to customary closing conditions and is expected to close within a few weeks.
Statement from ScandBook's Chairman of the Board Håvard Grjotheim and CEO Paulius Juska:
As a leading player in book production in many countries, we are pleased to announce the acquisition of Nörhaven Book in Denmark today.
This is a strategically important step for ScandBook to build capacity, innovation, service level and specialization in new areas. ScandBook has had good organic growth for many years. With the acquisition of Nörhaven, we are taking a powerful step forward in the European book market.
Both companies will play a central role in the future development of the entire ScandBook Group. The work on integration and cooperation between the companies will begin immediately in close cooperation with the employees of both ScandBook and Nörhaven. Paulius Juska will continue as CEO of the Group.
As a representative of ScandBook's management, we are very pleased to welcome Nörhaven to the ScandBook family. Together, we will create a broader, stronger and more innovative company for our customers in both Europe and North America!
For further information, please contact:
Håvard Grjotheim. Executive Chairman of ScandBook Holding AB, tel. +47 90828564
havard.grjotheim@gmail.com
Paulius Juska, CEO of ScandBook Holding AB, tel. +37 068606069
Paulius.juska@scandbook.lt
About ScandBook
The Group consists of the parent company ScandBook Holding AB and the subsidiaries ScandBook AB in Falun and ScandBook UAB in Klaipeda, Lithuania, where the parent company conducts group administrative tasks. ScandBook produces books, mainly fiction in hardcover, softcover and paperback versions. The companies focus on black and white printing and printing is done both digitally and in offset. In addition to books,
ScandBook special effects and surface treatments of printed matter and book displays. We can carry out all the stages of manufacturing in-house. In other words, we control the chain from typesetting and paper selection to the final quality of the finished product. This is a major competitive advantage as it means short lead times and cost savings for our customers.
Business idea:
ScandBook shall create good profitability by being the customer's first choice as a partner in the production of books.
Vision:
ScandBooks' vision is to develop into an integrated supplier that takes a holistic approach to all book publishers' needs for the production and distribution of books.
ScandBook's share is listed on Nasdaq First North Growth Market under the ticker SBOK. The Certified Adviser is Tapper Partners AB. More information about the company can be found on www.scandbook.se