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SiT Tapir & Akademika: Joining Forces

The two companies have a total of 26 bookstores plus internet bookstores and an estimated turnover in 2011 at 400 million Norwegian kroner.

The boards of the two companies have made a principle decision on a merger, and the plans are now being put into action. All the necessary decisions should be made by March, and the implementation of the merger by the first half of 2011.

A merger will strengthen the student bookstores’ ability to deliver Norwegian and international academic literature for the education sector and students in the years to come. The merger will also strengthen the publishing business.

– Together we are far better prepared for future changes in structure and investment needs - both in the digital and analogue fields, says SiT Tapir’s director Kjell Erik Ronæss. – We consider a merger to be a strategic step towards continuing to secure the students good teaching aids in the future.

– This merger is important to strengthen Akademikas efforts in a tough market for academic literature. The participants are getting fewer and bigger, says Geir Helge Espedalen, director of Akademika. – Together we stand stronger to ensure that our bookshops still can deliver academic books for the students.

The companies are owned by SiT (Student Services in Trondheim) and SiO (The Foundation for Student Life in Oslo and Akershus).

For further information, please contact:
SiT Tapir’s director Kjell Erik Ronæss, phone: +47 73 59 67 56
E-mail: kjell.e.ronaess@sit.no

Akademika's director Geir Helge Espedalen, phone: +47 22 18 81 00
E-mail: geir.helge.espedalen@akademika.no

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