In a press release, Clas Ohlson's President and CEO Kristofer Tonström says that the acquisition advances the company's positions in the technology and accessories segments.
"With Phonelife and Teknikmagasinet, we are strengthening our presence in Technology and accessories, in addition to having a strong brand as Teknikmagasinet," says Tonström.
Clas Ohlson also announces that it is purchasing 70 percent of the shares in Reservdelaronline, which sells spare parts for garden machinery and lawn mowers, among other things.
Both deals are structured with an initial acquisition of 70 percent of the shares, and call and put options to acquire the remaining 30 percent after three years.
