Lyreco announced today the acquisition of Officeday Finland Oy from Arion Bank.

 

The company said in a statement that "the combination of both Officeday Finland and Lyreco businesses shall boost Lyreco in a leading position on the Finnish market. Lyreco is the leader in most European markets and this transaction builds on its Nordic operations as well."

 

Officeday Finland Oy has nationwide operations serving customers of all size across B2B Commercial and Public channels, wholesale channels as well as one cash and carry and recorded a turnover of EUR 29 millions in 2009.

 

Lyreco says that the acquisition will enable Officeday to benefit from Lyreco’s global buying leverage, expertise and systems. Furthermore, Officeday customers will now enjoy access to 28 countries across 4 continents.

 

Eric Bigeard stated: “I’m delighted with the acquisition of Officeday which is a good fit and strengthens our market position in Finland. I warmly welcome our new colleagues from Officeday on board and I am sure that we will jointly make another success story in Lyreco development”.

 

“After being elected best office supplier in Finland for the 3rd consecutive year in the 2010 Office survey from Taloustutkimus, joining a group like Lyreco is excellent news. Officeday and Lyreco definitively have similar philosophy for best-in class customers services and I’m sure that Lyreco will be able to further improve our services for our customers and opportunities for our employees” said Harri Helenius, CEO of Officeday Finland.