The transaction includes all Nobia UK legal entities including the brands Magnet, Gower, Commodore and CIE. 

"We are pleased to announce that the divestment of our UK operations is now completed and look forward to committing our full focus to our core Nordic markets where we have strong positions, structurally higher margins and a modern production facility in Nobia Park. This will give us further possibilities to leverage our strong Nordic brands and continue to take market shares", says Kristoffer Ljungfelt, President and CEO of Nobia.

As previously communicated, no purchase price will be due at the time of closing, but the  Buyer assumes, besides the net assets, the obligations related to the leased retail network amounting to a gross liability of SEK 746m according to IFRS16*. Nobia will retain the defined benefit pension plan reported in the UK which was recognised at a net asset value of SEK 80m*, through a newly established holding company in the UK. The transaction may result in a consideration payable by the Buyer to Nobia, contingent upon the Buyer's future performance and successful turnaround related to the UK operations.

*Numbers as of 30 September 2025.