Online Brands Nordic AB (publ) (OM:OBAB) signs a letter of intent to acquire Nordic Kidswear Aktiebolag on January 26, 2022. The acquisition includes outdoor brand Isbjörn of Sweden.

Online Brands Nordic AB (publ) (OM:OBAB) completed the acquisition of Nordic Kidswear Aktiebolag for SEK 75 million on April 20, 2022. Online Brands Nordic AB will initially pay SEK 40 million, divided 50/50 into cash and new issued shares in the buying company. Additional performance cash payments during 2022, 2023 and 2024 will be a maximum of SEK 35 million, equating to a total purchase sum of SEK 75 million. Maria Frykman will continue as Chief Executive Officer at Isbjörn.