Netfonds is one of the leading companies in Norway when it comes to online securities trading, and was Norway’s first online broker in 1996. The company offers trading in a wide range of securities to more than 80,000 registered customers in Norway and Sweden. Netfonds has today a total of 17 billion NOK in savings capital and made a profit before tax of NOK 42 million in 2017.

Anders Danielsson, Acting CEO of Nordnet

– With this transaction, we consolidate and develop our position in the Norwegian savings market. Netfonds is a pioneer in Norway when it comes to online-brokerage. Just like Nordnet, the company has challenged structures and traditional banks for many years. Now we want to take the best from Netfonds and combine that with the best of Nordnet. Our goal is to build Norway’s best user experience in savings and investments, for the benefit of our common customers, says Anders Danielsson, acting CEO of Nordnet.

– I am very proud of our competent employees who have built this company from scratch. The merger of Netfonds and Nordnet creates a competence hub in digital securities trading, and we now become part of a larger Nordic organization with many possibilities, says Harald S. Thorstensen, CEO of Netfonds.

Read more in the press release.