OFFIX Holding and Office World Holding bundled their activities into the newly formed JV Office World Group
March 2021 — OFFIX Holding AG and Office World Holding AG have bundled their businesses into the newly founded Office World Group AG. Office World Holding brings its subsidiaries Office World, iba and Tramondi, and OFFIX brings its companies Papedis, Ecomedia, Oridis, Office Leader and DocuServ into the new Office World Group AG. The merger creates a Swiss group that will be represented throughout the country, generating sales of approximately US$400 million with just under 600 employees.
The OFFIX Group operates in the office supplies and services sector. In addition to its role as a purchasing and logistics service provider for paper retailers and specialist dealers, the group is one of the most important wholesalers and service providers in the field of printer accessories and technology.
Office World Group is a joint venture between Office World Holding and OFFIX Holding, in which Office World Holding holds a majority stake. Office World Holding, in turn, belongs to the Austrian MTH Retail Group Holding GmbH, headquartered in Vienna, which holds a leading market position in the field of office supply products and office services in German-speaking Europe. It generated sales of around US$885 million in 2019–2020, with 766 points of sale and five online stores. MTH Retail Group Holding acquired Office World and iba from Migros in 2017.
PEG Papeteristen Einkaufsgenossenschaft, headquartered in Aarburg, Switzerland, supplies and supports stationery retailers and independent specialist dealers, resellers, retail chains, corporate customers and institutions via its operating companies, which have been combined into OFFIX Holding AG since 2015.
Our role in the transaction
Oaklins’ team in Switzerland advised the board of directors of PEG Papeteristen Einkaufsgenossenschaft and OFFIX Holding AG in the transaction with Office World. In particular, the team advised on the valuation of the joint venture shares and the due diligence, as well as in the negotiations until the signing of the contract.
Christoph Clavadetscher
President of the Board, PEG and OFFIX
Talk to the deal team
Related deals
ENGIE Énergie Services has sold Majorelle to Isospace
Majorelle, a pioneer in space planning in France for 40 years, has been sold to Isospace by ENGIE Énergie Services. The transaction marks a new chapter in Majorelle’s growth, bringing together complementary expertise in workplace design, space planning and fit-out while preserving its brand, teams and market positioning. Together, Majorelle and Isospace generate more than US$45 million in revenue, primarily in the Île-de-France region. The companies operate in a commercial fit-out market undergoing significant transformation, driven by evolving workplace needs, real estate asset repositioning, regulatory requirements and environmental and socioeconomic challenges. Philippe Savajols, president of Isospace and Majorelle, aims to ensure continuity for Majorelle and its teams while developing complementary capabilities and synergies across the group, preserving both companies’ respective cultures, expertise and client relationships.
Learn moreComtax has been acquired by Ryan
Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.
Learn moreNextalia has acquired a majority stake in Witapp
Nextalia SGR S.p.A. has acquired a majority stake in Witapp S.r.l., an Italian company specializing in software development for the digitization of healthcare infrastructure. The acquisition strengthens Nextalia’s track record in technology companies serving the public sector and supports its strategy of investing in businesses operating at the intersection of healthcare digitization and the modernization of public services.
Learn more