Swedish audiobook company Storytel has acquired the audiobook streaming arm of Finnish bookstore chain Suomalainen Kirjakauppa, which is owned by the Otava Group. Subscribers to the audiobook business, Suomalainen Plus, will be merged into Storytel’s user base. Storytel ceo Johannes Larcher said, “This agreement strengthens Storytel’s position in the vibrant Finnish market and as the Nordic market leader. We are also very pleased to deepen our relationship with the leading Finnish publishing and media owner Otava Ltd, who we had the pleasure of welcoming as a new shareholder in connection with our directed share issue in November.”
