iApotek purchases Eprix for $1.2M

Sweden M&A 16 August 2018
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iApotek, a Stockholm, Sweden-based online retailer of non-prescription drugs, acquired all of the shares in Eprix AB.

The transaction was made for SEK 11M ($1.2M), of which SEK 3 million in cash and SEK 8 million in shares in iApotek. The deal includes an additional earnout of SEK 2M subject to the financial performance.

Eprix is ​​a retail company specializing in mail order and internet trading sales of pharmacy products and associated peripherals through the web platform apotek365.se.

Eprix has broken fiscal year and reported revenue of SEK 18M during fiscal period between 2017-07-01 to 2018-06-30 and reported a positive result of SEK 2.7M.