Banqup Group completes the divestment of 21grams group

Core Points - Banqup Group SA has completed the sale of all shares in the 21grams group to PostNord Strålfors AB, marking a significant strategic transformation for the company [1][2][3] - The transaction was finalized with a preliminary cash consideration of SEK 158.7 million, based on an enterprise value of SEK 200 million, with customary post-closing adjustments pending [3][4] - The proceeds from the sale will be utilized to strengthen Banqup's balance sheet and reduce net financial debt [4] Financial Performance - In 2024, 21grams generated total revenue of €79.4 million with a gross margin of 17.4% and a positive EBITDA of €1.9 million [4] - As of December 31, 2024, 21grams employed 76 full-time equivalents across Sweden, Norway, and Denmark [4] Strategic Partnerships - Banqup Group and PostNord Strålfors have signed a strategic partnership agreement to accelerate the rollout of the Banqup platform in the Nordic region [5] - PostNord Strålfors will act as the exclusive distributor of Banqup in Sweden, Norway, Denmark, and Finland for at least five years, utilizing Banqup's e-invoicing infrastructure [5][6] - This partnership aims to create an interconnected solution, enhancing service coverage and efficiency for clients across and beyond the Nordic region [5] Leadership Comments - The CEO of Banqup Group emphasized that the divestment of 21grams aligns with the company's focus on becoming a pure-play SaaS provider and growing core digital services [6] - The CEO of PostNord Strålfors highlighted the acquisition of 21grams as a means to enhance their offerings in the customer communication market [6]