Bygghemma Group purchases WeGot.
Bygghemma Group, an Oskarshamn, Sweden-based retail group, announced the acquisition of WeGot, a Malmö, Sweden leading specialist in home furnishing with special expertise in beds and sofas.
The transaction has the financial details undiscosed and provides Bygghemma with a better competing position in the category.
WeGot, led by CEO Mikael Ljungdahl, was founded in 2010 and has since had an annual growth rate of 70 percent. The company operates via the online shop wegot.se and through physical stores in Malmö and Gävle.
Bygghemma Group, led by CEO and president Mikael Olander, will continue to operate WeGot as an independent unit within the home furnishing segment.
This is the 6th M&A deal Bygghemma has made in the past 12 months, as the company grows its market share by acquiring small, competitive niched players. Bygghemma was acquired by private equity house FSN in 2016.
Mikael Olander, President and CEO of Bygghemma Group:
"I wish to welcome WeGot to Bygghemma Group, a company with a competent management team that fits our acquisition criteria very well. We are constantly working on strengthening our category expertise, WeGot has a very strong position within its segments, a position that will now significantly strengthen the Category of Expertise of Building Home Group. "
Mikael Ljungdahl, CEO of WeGot:
"We are very pleased to have become part of the Bygghemma Group. I am convinced that WeGot, as part of Bygghemma Group, can continue to strengthen its position as a leading player in the segments we operate in."