STRAX Brings an Investor into Its European Distribution Business in a Transaction Valuing That Business Unit at MEUR 32 - Seite 2

ZEBRA Invest GmbH' Managing Directors, Yannick Todtenhöfer and Julius Franz commented: "We have developed a strong partnership with STRAX and they have proven to be a reliable logistics partner, judging from the mutual success we enjoyed delivering Covid-19 antigen tests in Germany. We are reviewing several new logistics opportunities with STRAX and look forward to being an integrated part of delivering those as well as being a considered part of the next chapter in the STRAX European distribution business."

For further information please contact Gudmundur Palmason, CEO, Strax AB, [phone]

This information is information that STRAX is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on July 13, 2023 at 04:25 CEST.

For further information please contact:

Gudmundur Palmason
CEO, STRAX AB, [phone]

About STRAX

STRAX is a global leader in accessories that empower mobile lifestyles. Our portfolio of branded accessories covers all major mobile accessory categories: Protection, Power, Connectivity, as well as Personal Audio.
Own brands are Urbanista, Clckr, Planet Buddies and RichmondFinch. Our distribution business reaches a broad customer base, through 70 000 brick and mortar stores around the globe, as well as through online marketplaces and direct-to-consumers. Our distribution business also services over 40 other major mobile accessory brands.

Founded as a trading company in 1995, STRAX has since expanded worldwide and evolved into a global brand and distribution business. Today we have over 200 employees in 13 countries. STRAX is listed on the Nasdaq Stockholm stock exchange.

Discontinued operations include Health & Wellness, own brands Dóttir and grell, and licenced brand portfolio of adidas and Diesel.

This information is information that STRAX is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-07-13 04:25 CEST.

Attachments

STRAX brings an investor into its European distribution business in a transaction valuing that business unit at MEUR 32.

SOURCE: STRAX

View source version on accesswire.com:
https://www.accesswire.com/767543/STRAX-Brings-an-Investor-into-Its-Eu ...


The Strax Stock at the time of publication of the news with a fall of -0,15 % to 0,137EUR on Frankfurt stock exchange (12. Juli 2023, 08:02 Uhr).