KAN gears up for the future – Egmont steps in as new co-owner
On November 30th, Egmont Publishing became co-owner of KAN. The acquisition is part of Egmont's initiative to grow its Digital Marketing Services business. Egmont Publishing has acquired a 45 percent stake in KAN, becoming the largest shareholder. KAN’s founders, who all remain as company employees, hold the remaining equity.
Gaining Egmont as a co-owner is an exciting step in our continued development as an agency. In Egmont, we secure an established and forward-thinking partner with whom we can expand and broaden our offering in order to meet our clients’ increasingly complex needs.
Per Harrysson, KAN co-founder and CEO, said:
“KAN is in an expansive phase at a time of rapid market change as digitalisation gathers pace. Our approach has been a recipe for success that has made us unique and helped forge the long-term relationships we enjoy with our clients. We now want to take the next step in our journey and are looking forward to moving up a gear and growing together with Egmont.”
For Egmont, acquiring KAN is an important step in their growth strategy within the digital communication and advertising realm, and further investments are planned.
Per Kjellander, Egmont Publishing CEO, said:
“KAN is an important piece in our Nordic expansion jigsaw for digital marketing services. KAN has great potential and fits very well with our growth strategy. The company has an impressive track record of developing strong long-term relations with its customers and possesses outstanding digital expertise and creativity.”
Here KAN, we’re thrilled to gain Egmont as a co-owner. We believe their experience, business sense and expansion plans will support our continued development as an agency in the fast-moving digital world.
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