Power International to acquire a Swedish business of CECONOMY-backed MediaMarktSaturn.

Power International, a home electronics retailer, agreed to acquire a Swedish business of CECONOMY-backed MediaMarktSaturn, a consumer electronics retailer. Financial terms were not disclosed. “We are pleased to have found a promising solution for the further development of our Swedish business through the agreement with Power. In recent years, we have continuously invested in our business in Sweden and have built up a good market position. Together with Power, we have everything that is needed to grow sustainably and profitably from this position. The partnership with Power will strengthen our market penetration in Sweden and simultaneously open up growth opportunities in other north European countries. This is good news for our employees, customers and partners,” Karsten Wildberger, CECONOMY CEO.