Assisting Elkjøp in consolidating their card acquiring in the Nordics

Elkjøp is the leading consumer electronics retailer in the Nordics, selling mostly consumer electronics, mobile phones, computers, white goods, domestic appliances, kitchen (Epoq), and services linked to these products both directly to consumers and to businesses.

Elkjøp is an omnichannel retailer serving their customers both online and through more than 400 stores. The Group consist of around 11.000 employees operating under the brands Elkjøp and Elkjøp Phonehouse in Norway, Elgiganten and Elgiganten Phonehouse in Sweden, Elgiganten in Denmark and Gigantti in Finland. Elko on Iceland, Elding on the Faroe Islands and Pisiffik on Greenland.

When we decided to consolidate the acquiring of credit cards in the Nordic countries, it was a natural choice to receive assistance from Bankbrokers. They added considerable expertise regarding the different suppliers, the market and what prices that a multibillion retailer should achieve.

Bankbrokers assisted in producing tender documents, meetings with potential suppliers, assembly of the offer and the final negotiations. We experienced that the processes was managed efficiently and resulted in a highly competitive deal.

Marianne Kurås, CFO
Elkjøp Nordic

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