AURELIUS-backed Conaxess Trade Sweden to acquire Movement Group Nordic from USP Sweden, Tangenta, Petedus, Wiida Performance and FMCG Group.

AURELIUS-backed Conaxess Trade Sweden, a distributor of fast-moving consumer goods to large-scale retail organizations and alternative sales channels, agreed to acquire Movement Group Nordic, a provider of the customized offer in logistics and distribution, from USP Sweden, Tangenta, Petedus, Wiida Performance and FMCG Group. Financial terms were not disclosed. "I am very excited about this opportunity and look forward to working with the new colleagues to deliver even better services to our existing and new brand partners and customers. We are a perfect match for the services provided to our partners and a business with a stable foundation to deliver, both today and in the future," Jennifer Friman, Movement CEO.