Falun, 24 September 2025.
ScandBook acquires Nörhaven Book – strengthens its position as a leading book producer in Northern Europe.
Press release from ScandBook Holding AB publ.
ScandBook has today acquired all shares in Nörhaven Book A/S and Bjerringholm Ejendomme ApS. The acquisition is in line with ScandBook’s strategic goals of expansion in German, Dutch and other well-established European markets as well as diversification of the customer base. All in all, this represents an important step towards long-term growth and competitiveness.
Nörhaven Book, located in Viborg in Jutland in Denmark, is a profitable company with sales of DKK 123.2 million in 2024 and an EBITDA of DKK 8.6 million. The number of employees is approximately 70. The company, which mainly produces various types of softcovers, including paperbacks, has for many years built up a strong customer base based on high competence and service level. The company’s customers are mainly found in the Northern European market, including the UK and Ireland.
Bjerringholm Ejendomme’s property consists solely of Nörhaven Book’s premises. The company’s book value amounts to DKK 23.8 million at the end of 2024.
The purchase price for the two companies amounts to a total of DKK 53.3 million, of which DKK 23.8 million for Nörhaven Book A/S and DKK 29.5 million for Bjerringholm Ejendomme ApS.
The purchase is financed with a bank loan of 50% from Swedbank taken out on market terms and as collateral for the loan the shares in the two acquired companies are pledged, 13% is financed through a 5-year seller’s promissory note at 5% annual interest and the remainder from own funds in the Group.
The acquisition is subject to customary closing conditions and is expected to close within a few weeks.
Statement from ScandBook’s Chairman of the Board Håvard Grjotheim and CEO Paulius Juska:
As a leading player in book production in many countries, we are pleased to announce the acquisition of Nörhaven Book in Denmark today.
This is a strategically important step for ScandBook to build capacity, innovation, service level and specialization in new areas. ScandBook has had good organic growth for many years. With the acquisition of Nörhaven, we are taking a powerful step forward in the European book market.
Both companies will play a central role in the future development of the entire ScandBook Group. The work on integration and cooperation between the companies will begin immediately in close cooperation with the employees of both ScandBook and Nörhaven. Paulius Juska will continue as CEO of the Group.
As a representative of ScandBook’s management, we are very pleased to welcome Nörhaven to the ScandBook family. Together, we will create a broader, stronger and more innovative company for our customers in both Europe and North America!
