On December 31st 2011, the OFFICE 1 Master Franchisee in Iceland, Egilsson ehf, bought all shares of its main competitor in the country A4 Skrifstofa og skóli (A4 School and Office supplies).

After the transaction has been approved by the legitimate authorities, the procedure of combining those two established brands is expected to start any moment now. The new company will be led by the current CEO of OFFICE 1 Iceland and owner of Egilsson ehf – Mr. Egill Þór Sigurðsson who stated: "Together we are stronger" while discussing the merger.

The company is expected to hold the leading position on the Icelandic market. It will continue offereing quality products and services to its individual and corporate customers. The key product categories will be office, school and computer supplies, educational devices, arts and crafts, suitcases, board games and puzzles. This product diversity will be distributed through wholesale, B2B and 6 retail stores.

"Even though these two companies have been competing on the Icelandic market for years, their strengths have been in different categories and different channels. Therefore, to us it looks like the perfect match, and we look forward to continuing our good cooperation with our valued suppliers around the world." Sigurðsson said.

The economy of Iceland was one of the first European economies to collapse a few years ago. Egilsson and OFFICE 1 were also affected. However, OFFICE 1 Iceland has surmounted the difficulties and now directs all its efforts towards greater business development