Sweden's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Sweden's Framfab "biggest in UK" after Oyster purchase

Share this article

16:10 CEST+02:00
Framfab, the Swedish digital agency, has acquired the UK's Oyster Partners to create what it says is "the largest interactive business in the UK".

The Swedish company paid £12 million in cash and shares with more to come based on performance over the next two years.

In a press release, Framfab said that it expects the acquisition to increase sales by up to 40% this year, given that Oyster brought in revenues of £10.2 million in 2004.

Oyster's 119 staff are expected to keep their jobs, taking the overall headcount to more than 460. 200 of those are based in the UK.

Get notified about breaking news on The Local

Share this article

From our sponsors

How to work 9-5 and travel the rest of the time

A full-time job shouldn't stop you from satisfying your wanderlust. The Local spoke to Travel After 5 blogger Alline Waldhelm to find out her tips and tricks for travellers who only have 25 days of annual leave.