Setterwalls has advised Komplett Group ASA in connection with the acquisition of NetOnNet AB

Setterwalls has assisted Komplett in connection with the acquisition of NetOnNet, whereby the seller received a combination of cash and newly issued shares in Komplett as part of the purchase price. Based on the closing price of Komplett’s share on the Oslo Stock Exchange on 8 February 2022, the total value of the consideration corresponds to approximately NOK 3,7 billion. Komplett was founded in Norway in 1991 and is a pioneer within e-commerce within electronics and gaming products. Through the combination, Komplett and NetOnNet will create one of the leading e-commerce players within consumer electronics on the Nordic market.