Vend Marketplaces sells skilled trades portfolio to Verdane for NOK 550m

Vend Marketplaces ASA has signed a binding agreement to sell its skilled trades marketplace portfolio, "Mittanbud," to Verdane Fund Manager AB for an enterprise value of NOK 550 million. The portfolio includes Mittanbud (Norway), Servicefinder (Sweden), Remppatori (Finland), and 3byggetilbud.dk (Denmark). This strategic move aligns with Vend’s goal of simplifying its marketplace portfolio and streamlining operations.

Christian Printzell Halvorsen, chief executive of Vend, highlighted Mittanbud's impressive growth since its 2009 launch, evolving into a leading Nordic platform. Havard Bungum, chief executive of Mittanbud, expressed excitement about partnering with Verdane to accelerate growth, building on Mittanbud’s strong foundation as a Nordic skilled trades marketplace.

Completion of the transaction is expected at the beginning of 2026, subject to customary regulatory approvals and closing conditions. Vend, which also holds a 14% ownership share in Adevinta, plans to return any surplus capital to shareholders over time.