Setterwalls has assisted Diakrit in the sale of Pegroco’s shares to News Corp Australia

Pegroco Invest has disposed of its entire shareholding in Diakrit International Ltd. to the media group News Corp Australia by means of a cash transaction. Pegroco receives approximately SEK 140 million in liquid funds.

Pegroco has been an active partner since 2004 and is, together with the management and SEB Venture Capital, the main owner of the company. Pegroco receives with approximately SEK 140 million for deposits and shares, depending on the exchange rate for the US dollar. 

Pegroco has actively supported Diakrit ever since the company was a newly founded venture company in Laholm, Sweden with a strong vision until today’s situation with world leading digital products and services for real estate agents, rental portals and real estate development companies worldwide. Diakrit now enjoys almost 2,000 customers, says Fredrik Bergman, CEO of Diakrit.

Diakrit is a good example that Pegroco’s active and long term ownership is effective. It is especially gratifying that the major investments of the past few years in Diakrit’s product development, services and the development of an ultramodern production base in Bangkok with more than 450 employees have been successful and provided good revenue of the invested capital, says Thomas Brue, CEO Pegroco.

The company is now well prepared and positioned for the next stage in its development – now under the ownership of one of the world leading and most dynamic media groups with digitalisation and innovation as its beacon.

The parties have agreed not to disclose any terms of the transaction.