Egmont acquired Cappelen Damm, Norway's largest publishing house.

Egmont., the Copenhagen, Denmark-based media group announced that it acquired Cappelen Damm, Norway's largest publishing house.

Financial details were not disclosed. Egmont will become the sole owner of the company.

Cappelen Damm was established in 2007 through a merger between the Bonnier-owned Cappelen and Egmont-owned Damm, with a 50/50 split in ownership. Since then, the publishing house has grown to become the biggest in Norway with over 2,000 publications a year.

Egmont, led by CEO Steffen Kragh, is one of Denmark's largest media groups, also owns publishing house Lindhardt and Ringhof, Denmark's second-largest publisher.