The Swedish Companies Registration Office (Bolagsverket) last week registered the merger between Swedish staffing firms Poolia and Uniflex.

The merger has been finalised through this registration, which means that Uniflex has been dissolved and delisted from Nasdaq Stockholm as of 1 November and all its assets and liabilities have been transferred to Poolia.

Jan Bengtsson, CEO of Uniflex, is now the President and CEO of the newly merged company, with effect from 1 November 2018. 

The companies first announced in June that they would agree to merge, thereby creating a Nordic staffing powerhouse. The boards from each firm unanimously decided on the merger and planned to have each share in Uniflex replaced with 1.7 new shares in Poolia. The merger was then approved by Sweden’s Financial Supervisory Authority, Finansinspektionen in July then given the green light by the Registration Office in October.

Poolia recently reported revenue for the third quarter ending 30 September 2018 of SEK 172.7 million (€16.6 million), a decrease of 4.7% compared with last year. However, profits during the third quarter were hit as a result of costs associated with the merger.

Following a registered merger with Uniflex, Poolia will only communicate to the stock market in Swedish. This means that the interim report for the period 1 January - 30 September 2018, published on 25 October 2018, was the last financial information that was also published in English.