Ports Group acquires Corebiz Solutions

Ports Group makes its second acquisition of the year by acquiring CoreBiz Solutions

Earlier this year, Ports Group AB acquired Otmore Limited and strengthened its position in the Nordic region as the leading player in Brand Protection. To continue its growth journey, Ports Group has now completed another acquisition. CoreBiz Solutions has solid experience protecting brands in the digital sphere, making it a great addition to Ports Group's portfolio.

- At Ports Group, we take care to maintain strong growth. The acquisition of CoreBiz gives us an even stronger foothold in Brand Protection, which is completely in line with our vision, says Magdalena Bonde, CEO of Ports Group.

- In addition to the acquisition giving us further growth, CoreBiz is an excellently managed company with a strong customer portfolio. On top of this, the team has valuable expertise that strengthens Ports Group. The personnel are experienced and provide a perfect complement to the current team at Ports, continues Magdalena Bonde.

Jimmy Olsson, CEO of CoreBiz Solutions, is proud and looking forward to being part of the team at Ports Group.

- With this acquisition by Ports Group our customers get access to even more services related to Brand Protection, and we are extremely pleased about that. In-house legal services and the market's best platform for brand protection are now at their disposal, says Jimmy Olsson.

The acquisition strengthens our position as the Nordic region's leading player in brand protection

This year has already seen two acquisitions, which shows that Ports is an attractive partner. To become even stronger in the Nordic region and a leader in Europe, Ports Group will continue with its long-term strategy and invest in both organic and acquisition growth.

- We are the only operator in the market offering a comprehensive service in brand protection with a platform at the hub of delivery. It gives us a strong starting point for continued growth, says Magdalena Bonde.

- Our vision is to become Europe's largest provider of brand protection services. With the fantastic team at CoreBiz, we are now one step closer to that goal, Magdalena concludes.

The parties have chosen not to publish the purchase price. EY Corporate Finance has acted as financial advisor and Setterwalls Advokatbyrå (Eng: Law Firm) as legal advisor to Ports Group in the transaction.

For more information, contact

Magdalena Bonde
VD - Ports Group AB
+46 76 112 00 48
magdalena.bonde@portsgroup.com    

Jimmy Olsson
VD - CoreBiz Solutions
+46 733161864
jimmy.olsson@corebiz.se