Gilde Buy Out Partners-backed albelli, an e-commerce company, completed the merger with Exponent-backed Photobox, an online photo printing company. Financial terms were not disclosed. "Combining both businesses creates an opportunity to deliver the best end to end experience to more customers in Europe. By combining and building on the strengths of each company, we will be able to raise the bar on quality, ease of use and innovation," Dan Mucha, Photobox CEO.