Digitec Galaxus AG has acquired Ex Libris AG for an undisclosed amount, marking a significant corporate acquisition in the Swiss retail sector. The transaction sees Digitec Galaxus AG buying the long-standing subsidiary of Migros, which has operated as an independent company within Migros's Trade Department.
Ex Libris AG reported net sales of CHF 119.6 million in 2022. The company, which operates 15 branches and employed 221 staff as of December 31, 2022, notably generated over 90% of its total revenue from online sales. Digitec Galaxus AG, a leading Swiss e-commerce retailer, is known for its extensive online presence and broad product offerings.
This acquisition is strategically aimed at strengthening Digitec Galaxus's market position and expanding its reach. By integrating Ex Libris's established brand and significant online sales expertise, Digitec Galaxus can further consolidate its footprint in the competitive e-commerce landscape. The move is expected to leverage Ex Libris's strong online penetration and customer base.
Expected synergies from this acquisition include operational efficiencies and an enhanced ability to serve a broader customer base across various product categories. The combination of Digitec Galaxus's robust e-commerce infrastructure with Ex Libris's specialized market knowledge and online sales performance is anticipated to create a more comprehensive retail offering.
The combined entity is poised to reinforce its presence in the Swiss e-commerce sector, offering an expanded portfolio and potentially enhanced customer experiences through integrated operations. This acquisition represents a strategic step for Digitec Galaxus AG in solidifying its leadership in online retail.