Clas Ohlson has agreed to invest in e-commerce platform MatHem as part of a partnership agreement that will enable the latter to sell Clas Ohlson's goods.
Hardware and household goods retailer Clas Ohlson is set to pay Skr221m ($26m) for a 10% stake in Sweden-based grocery e-commerce company MatHem i Sverige.
The transaction is set to close on December 22 and will form the basis of a strategic partnership that will allow MatHem to sell a large selection of Clas Ohlson’s household products. The partnership will be managed by local subsidiary Clas Ohlson Sweden.
Founded in 2006, MatHem operates an e-commerce platform primarily focused on groceries,…
