Acquisitions and divestments
Below is a list of Axfood’s most important acquisitions and divestments through the years.
The Östenssons store chain with nine stores became a Hemköp franchisee as from 1 September 2019 (press release).
Axfood increased its ownership in Urban Deli from 50 percent to slightly more than 90 percent and at the same time deepened the collaboration (press release).
In August, Axfood announced its investment in the newly established e-commerce company Hubia (later Apohem), with plans to launch a new online pharmacy in Sweden (press release).
Effective 1 January, Axfood acquired Saba Logistics' warehouse operations in Helsingborg, Sweden (press release).
In February, Axfood acquired 50 percent of Urban Deli. Read more about Urban Deli here.
In May, Axfood's e-commerce business in Netxtra was sold to Mathem.
At the end of the year, an agreement was signed to acquire 50 percent of the wholesale company Hall Miba.
In January, Hemköp completed the conversion of Vi stores to Hemköp franchises.
In June, Axfood Närlivs AB signed agreement to acquire Reitan Servicehandel Sverige AB’s cold storage distribution centre south of Stockholm.
In January, Axfood completed the acquisition of PrisXtra.
In January, the sale of Spar Finland was completed.
In April, Axfood sold its Swedish real estate holdings to Crown North Corp Ltd.
The year 2000 was characterized by restructuring in several steps. The first step was the combination of Hemköp and D&D Dagligvaror. In the next step, Spar Sverige, Spar Inn Snabbgross and 40 percent of the share capital in Spar Finland were acquired. The Annual General Meeting in May resolved in favour of the name change to Axfood AB.