21 Grams announced the acquisition of Mailworld Group

Sweden M&A 16 April 2019
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21 Grams, a Stockholm, Sweden-based company that provides smart communication solutions for physical and digital post and mobile payments, announced that it acquired 100% of the shares in Mailworld Group.

Financial details of the deal were not disclosed. The transaction will give customers of 21 Grams and Mailworld access to a wider range of physical and digital postal services, and continued focus on simplicity and price-efficiency.

Mailworld Group, founded in 2003 and led by CEO David André, includes MailWorld AB, one of the Nordic region’s largest independent suppliers of international mail and parcels with worldwide distribution, and Mailworld Office AB, a Swedish certified postal operator that focuses on office mail and unsorted domestic mail.

21 Grams, founded in 2004 and led by CEO Stefan Blomqvist, provides smart communication solutions for physical and digital post and mobile payments. The company is a leader in the sorting software and postage and the electronic distribution of business documents and direct mail advertising.

In 2018, 21 Grams registered about SEK 600M ($64M) in sales.