Komplett to acquire NetOnNet for $431m.

Komplett, a Norwegian e-commerce company, agreed to acquire NetOnNet, a consumer products retailer, for $431m. "We are very pleased to announcethe combination of Komplett and NetOnNet, two attractively positioned companies with complementary strengths. As a combined unit, the companies will become even better positioned to leverage their strong consumer brands and proven scalable business models to continue delivering attractive profitable growth. In addition, increased scale will contribute towards material value creation among other through realising significant cost synergies that are mainly related to sourcing improvements," Nils K. Selte, Komplett Chairman.