In June 2023, Edita Group announced the sale of its subsidiary Edita Prima Oy to PostNord Strålfors, a Nordic communications solution provider. At that time, it was stated that the transaction is subject to the approval of the Finnish Competition and Consumer Authority (“FCCA”). On 3 November 2023, FCCA informed that it deems it necessary to continue investigating the competitive impacts of the acquisition. In December, FCCA told that based on its investigation so far, it is unlikely that the acquisition could be cleared unconditionally.
After careful examination of the FCCA’s views on the competitive impacts of the transaction, including those presented in its decision to continue to further proceedings, Edita Group and PostNord Strålfors have unanimously decided to abort the transaction and continue their respective businesses as separate companies.
“We believe that together with PostNord Strålfors Edita Prima could have served its customers even more comprehensively. The cancellation of this transaction is very unfortunate. While FCCA had not yet announced its final resolution in the case, we did not see it feasible to continue the process anymore. Edita Prima continues its operations as a provider of printed and digital customer communications services within Edita Group, just like before. The management and personnel of Edita Prima have done great work, resulting in growth and success. Edita Prima’s financial performance in 2023 was very strong and we will continue developing the company further”, says Kristiina Kujala, interim CEO, CFO of Edita Group.
For further information, please contact:
Interim CEO, CFO
Edita Group Oyj
tel. +358 40 0761 752
Edita Group helps its customers communicate more efficiently and provides them with reliable printed and digital information.
The group consists of three business areas. Edita Prima specializes in customer communication services for companies and organizations. Edita Learning and Edita Legal Information produce learning materials, online services, books, and training to support the work of teachers and lawyers. The group’s revenue in the 18-month financial period from 1 January 2021 to 30 June 2022 totaled 87.3 MEUR, and it employs approximately 200 people.