TBAuctions Acquires Auksjonen, Bjarøy Group and PS Auction as Summa Equity Joins TBAuctions
March 21, 2022
TBAuctions will acquire Norwegian online auction platform Auksjonen and appraiser Bjarøy (together the Bjarøy Group) and Swedish online auction platform PS Auction to accelerate its pan‑European online auction platform expansion. Simultaneously, Summa Equity is joining as a minority shareholder in TBAuctions; PS Auction is being divested by Nordic PE firm MVI. The signings were completed on 17 March with a planned closing by the end of April, subject to approvals.
- Buyers
- TBAuctions, Summa Equity, Castik Capital
- Targets
- Auksjonen, Bjarøy Group, PS Auction
- Sellers
- MVI
- Platforms
- TBAuctions
- Industry
- E-Commerce
- Location
- Vestfold og Telemark, Norway
- Transaction Type
- Addon
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