» All of Metro’s business culture is based on surprising the market and doing business that shake up the industry, this fits perfectly with our ambitions in the media sector, »says Christen Ager-Hanssen, CEO of AB Custos.
» Metro is a strong player with a commercially interesting target group. On the print side, Metro is Sweden’s largest daily newspaper. Custos will be focused on the development of digital business and our intention is to initiate cooperation between Metro and our existing media companies. We also intend to find synergies and verticals with other companies in the Qviberg sphere, says Christen Ager-Hanssen.
» Just before Christmas last year, Custos became the new principal owner of Realtid Media AB, where Realtid.se is included. This is another step in our effort to become a leader in the financial news and services, and this is just the beginning, says Christen Ager-Hanssen.
Metro Group as Custos acquired, generates approximately SEK 370 million in annual revenue and is expected to report a pro t for the current nancial year. The digital business shows a strong sales and pro t growth.
The acquisition also comprises all digital initiatives and verticals, such as Metro Jobs and Metro Fashion. Metro jobs is one of the largest recruitment sites in Sweden and Metro Fashion is a lifestyle site with some of Sweden’s most prominent bloggers.
Mats Qviberg, Chairman of Aktiebolaget Custos:
»I identify great opportunities to develop business within the media. Media is a mature industry but the industry is in the midst of a paradigm shift due to the digital development and this is where I see good opportunities for us.
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Telephone: +44 7472 261 690
AB Custos is an investment company focusing on investments in the technology, media and telecommunications industry.