JP/Politikens Hus has acquired the online bookstore Saxo.com. The acquisition is aligned with JP/Politikens Hus’ growth strategy and JP/Politikens Hus expects their digital revenue to be more than DKK 1bn next year. JP/Politikens Hus owned 30% prior to the acquisition and the deal values Saxo at DKK 190m. Saxo reported a revenue of DKK 300m and EBITDA of DKK 10m in 2017, corresponding to an EV/EBITDA multiple of 19x.
