Bygghemma Group announces the acquisition of Edututor.

Bygghemma Group, a Malmö, Sweden-based retail group, announced the acquisition of Edututor Oy, a leading online player in Finland with proprietary brands in grilling, LED lighting and kitchen products.

The financial details of the transaction remain undisclosed, and the acquisition will strengthen Bygghemma’s category expertise within Edututor's categories.

Edututor, founded in 2010, conducts sales through a number of online stores, the largest of which are Grillikauppa.com, Led-Valot.fi and Paista.fi. In 2017, the company had sales of approximately EUR 4.5M ($5.2M), with an operating profit of around EUR 120 thousand.

Bygghemma Group, led by CEO Mikael Olander, is an online supplier of home improvement products in the Nordic region. The company is active in two segments: DIY and Home Furnishing, with sales of approximately SEK 4.4bn ($500M) in 2017, and is listed on Nasdaq Stockholm Mid Cap.