PBS and Post Danmark acquire KMD’s e-Boks shares
PBS and Post Danmark have acquired KMD’s shareholding in e-Boks, which means that they now each own 50% of the company.
PBS and Post Danmark have acquired KMD’s shareholding in e-Boks, which means that they now each own 50% of the company.
Over just a few years e-Boks has developed into the preferred safe storage solution for digital documents for 1.8m Danes and about 500 senders, including a majority of banks, all 98 Danish municipalities, the Danish Agency for Governmental Management, ATP (the Danish labour market supplementary pension) as well as a number of insurance companies, energy companies, trade unions and phone companies.
Why acquire KMD’s shares?
”Ever since we became shareholders in e-Boks in 2002, the company has been a strategically important investment for Post Danmark. The sale of KMD made it possible for us to increase our ownership interest and of course we have seized that opportunity. It strengthens our position as a postal service company that is able to provide its customers with exactly the kind of delivery they prefer”, says K.B. Pedersen, deputy chief executive officer at Post Danmark.
Flemming Jensen, CEO at PBS: ”KMD, Post Danmark and PBS have commercialised together and have, over the years, created very good results in e-Boks, which more than 1.8m Danes, who now use e-Boks as their digital mail box, as well as both public and private companies, are now benefiting from. We look forward to cooperating with Post Danmark on the continued development of e-Boks to ensure further success.
e-Boks and KMD will continue the close cooperation
Henrik Andersen, CEO at e-Boks:” We are very pleased with KMD as the cofounder of e-Boks and as shareholder since 2001. And we have had a good daily cooperation with KMD on operational matters. In 2007, e-Boks expanded its operational partnership with KMD by creating a long-term agreement on acquiring capacity and operation of the e-Boks application. This operation agreement continues even though KMD is no longer a shareholder and we look forward to continuing the good and close cooperation with KMD.”
Why does KMD sell its shares?
”It has been incredibly interesting to be part of establishing the concept and the company e-Boks in 2001, and also to be part of the successful development of the company up until today. As an IT company e-Boks is not our core business and since our fellow shareholders in e-Boks were interested in our shares we came up with an attractive solution that will benefit all parties involved”, says Lars Morad-Gylling, CEO at KMD.
The price of the shares has not been made public.
