Krogerus advises Storytel AB (publ), the Swedish audiobook company, on its acquisition of Gummerus Kustannus Oy.
Founded in 1872, Gummerus Kustannus is one of the oldest and most respected publishing houses in Finland. Through its acquisition of Gummerus Kustannus, Storytel substantially strengthens its position both as a distributor and a publisher on the Finnish book and streaming market.
The parties have agreed not to disclose the purchase price – which will be paid partly in cash and partly through the issuance of shares in Storytel AB (publ). The closing is expected to take place on 30 September 2019.
The Krogerus team, led by partners Joakim Jansson and Marcus Möller, includes associates Andreas Brink, Elina Mäkelä and Laura Äijälä.