Digital Mail Platform E-Boks in Denmark Set to Change Hands
Done Deal: Denmark's Digital Postbox Moves to New Owners
- Throw in your two cents
The digital mail platform that most Danes rely on to securely receive electronic communiqués from government and businesses, E-Boks, has been sold to Danish investment fund CataCap.
Hype it!
The current owners of the digital post platform, Nets and PostNord, confirmed the sale of E-Boks to CataCap in a press release issued on a recent Thursday.
News like this comes knocking just days after the post carrier PostNord revealed its plans to halt letter deliveries in Denmark starting 2024.
Get to Know CataCap
CataCap, a Danish equity fund known for its notable acquisitions, adds E-Boks to its portfolio of noteworthy companies, which includes beer chain Rekom, digital marketing firm Group Online, and hobby supplies outlet The Army Painter.
Jens Hahn-Petersen, co-founder and partner at CataCap, shared his aspirations for E-Boks: to improve its user-friendliness, expand functionalities, and further cement its position as Denmark's preferred digital postbox.
Pop QuizDid you know...?- Every month, 5.3 million people in Denmark access E-Boks for their digital mail.- Approximately 35 million visits are made to E-Boks per month.
Coming Attractions
The buyout of E-Boks is yet to win approval from relevant authorities, a task expected to be completed within the next couple of months.
Fishwrap
Rumors of an E-Boks sale have been swirling since IT provider Netcompany, Mit.dk's producer, bagged a government contract to deliver digital post starting 2022. With this development, E-Boks' current owners tossed around the idea of selling.
Financial news outlet Børsen estimated the value of E-Boks to be a "nine-figure" sum in the summer of 2023.
The FinancialsIn 2023, E-Boks recorded a turnover of 186.8 million kroner, resulting in an annual pre-tax profit of 16.8 million kroner.
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** digging deeper with CataCap- CataCap's M.O.: Denmark-based CataCap specializes in acquiring and enhancing the market positions of medium-sized businesses, often through strategic investments. Its portfolio spans various sectors with a focus on improving existing companies' market standing.- Danish roots, global reach**: Since its founding, CataCap has been active primarily in the Danish market but may have international ties through its diverse investments.
While reports suggest CataCap's acquisition of E-Boks aligns with its investment strategy, official confirmation is yet to surface.
- The news of E-Boks, Denmark's digital postbox, being sold to Danish investment fund CataCap raises questions about the future of technology in Danish finance and business sectors.
- Diverse companies such as beer chain Rekom, digital marketing firm Group Online, and hobby supplies outlet The Army Painter are part of CataCap's ambitious portfolio, indicating a potential expansion of E-Boks' functionalities in the arts and other industries.
- As CataCap prepares to make E-Boks more user-friendly and cement its position as Denmark's preferred digital postbox, articles about space exploration or current news may eventually find their way into user inboxes, bridging the gap between technology and art.
