In June, Edita Group Oyj 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”). The purchase agreement between Edita Group Oyj and PostNord Strålfors Oy was signed on 9 June 2023.
The FCCA has today announced that it deems it necessary to continue investigating the competitive impacts of the acquisition. Further proceedings may take a maximum of 69 working days, and the Market Court may extend it by a maximum of 46 working days. The FCCA may approve the acquisition as such, attach conditions to the approval, or request that the Finnish Market Court prohibit the acquisition.
”Further proceedings by the FCCA have no impacts on Edita Prima’s business operations. Just like before, the company continues to provide printed and digital customer communications services in close cooperation with its customers. Only after the FCCA’s approval for the transaction can we start planning the arrangements and measures needed related with the transaction, together with the buyer,” 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, which belong to Edita Publishing, produce learning materials, online services, books, and trainings 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 totalled 87.3 MEUR, and it employs approximately 200 people.
PostNord Strålfors develops and offers communication solutions that give companies with many customers and suppliers completely new opportunities to build stronger and more personal customer relationships. Using our digital platform, we provide seamless communication, regardless of which channel the receiver prefers. PostNord Strålfors is part of the PostNord Group, the leading provider of communication and logistics services in the Nordic region. PostNord Strålfors operates in Denmark, Sweden, Norway and Finland, where our approx. 700 employees achieve a revenue of approximately SEK 2.1 billion (2022).