AMO Toys AB acquires the entire business from TecTeam Scandinavia AB
weibull M&A was the seller’s advisor when AMO Toys AB reached an agreement of acquiring the entire business from TecTeam Scandinavia AB with annual sales of approximately SEK 50 million.
TecTeam is a Stockholm-based toy retailer that distributes toys from world-renowned brands and has well established sales channels, especially in the Radio Control and Vehicle segment. The company is known for its deep knowledge in Radio Controlled toys and Vehicle toys. With brands such as NIKKO, Syma, RASTAR and NINCO, TecTeam has a strong position on the Nordic toy market.
AMO Toys is a Nordic distributor of toys and traditional board games with offices in Sweden, Norway, Denmark, Finland, and Hong Kong. The company distributes several toy products and brands, such as Squishmallows, L.O.L, Surprise and Baby Born. AMO Toys is part of the Thunderful Group, a group of companies that develop, publish, and invest in games, while also distributing Nintendo products, games, game accessories and toys. Thunderful Group is listed on Nasdaq First North Premier.
The acquisition of TecTeam will strengthen AMO Toys’ portfolio with know-how and product portfolio to AMO Toys’ existing Toy offering.
Henrik Matilainen, CEO of AMO Toys says “TecTeam is an exciting company with a well-established position in the Nordic toy market that brings a lot of value to AMO Toys. We have been looking at ways to increase our share within the RC- and vehicle segments and TecTeam´s position in the market is perfectly positioned for that. Their expertise will help support us as we continue to grow our market share in the Nordic Toys market.”
Arne Palm, CEO OF TecTeam says “We’re really excited to be joining AMO Toys. Having AMO Toys’ organization and distribution network support gives us confidence in strong future for years to come. This transaction gives me and Cecilia also peace of mind for the longer term continuity for the business we have created”