Amsterdam, 27 July 2018 – albelli BV, one of the leading European photo product companies, today announced the acquisition of monAlbumPhoto, from its former shareholder M6 Group (‘M6’). The terms of the agreement have not been disclosed.
monAlbumPhoto is a leading e-commerce player in France in the printing and processing of photo books and personalised photo products. More than 1.3 million photo products were produced in 2017, generating sales in excess of €30 million. M6 Group acquired monAlbumPhoto in 2010 and company sales have increased 10-fold since then.
One year ago, albelli was acquired by Gilde Buy Out Partners and Management from Cimpress. The company set out on a journey towards accelerated international growth. A first step was the acquisition of ReSnap, a fast-growing technology-based company using artificial intelligence (AI) to enable consumers to create personalised photo books in a fully automated easy way.
The acquisition of monAlbumPhoto combines the European reach, marketing, technology and manufacturing expertise of albelli with the unique local market strength of monAlbumPhoto. As the new owner, albelli supports the strategy that was formulated and implemented by the current management team, which is focused on further expanding its leading position in the French photo products market with a superior quality, functionality and service offering.
“The acquisition of monAlbumPhoto by albelli is an important step in realising our international growth strategy. This will allow us to prioritise delivering even greater value to our customers in the French market, while continuing to grow as a leading B2C online European photo products company,” said Tristan Money, CEO of albelli. “The monAlbumPhoto management team has built a very strong online B2C platform with significant further growth potential and we are delighted at the prospect of supporting them in the execution of the company’s strategy.” We are very excited about the next chapter for monAlbumPhoto, albelli, our team members and our customers.”
“Joining albelli is a great opportunity for monAlbumPhoto to strengthen our current strong development of the French market. This supports our most important mission: To inspire customers
in creating great photo products that deliver happiness and pleasure” said Lionel Cler, CEO of monAlbumPhoto.
albelli, headquartered in Amsterdam (the Netherlands) and employing c. 300 FTE, produces photo books and other related photo products including wall décor, cards, calendars and photo prints. The company has strong market positions across the Benelux, Scandinavia as well as other European countries where it has highly recognised local brands (albelli, fotoknudsen, önskefoto, bonusprint, ReSnap) and supplies high-quality photo products to millions of customers across Europe. albelli operates a vertically integrated business model, combining e-commerce with in-house production as well as proprietary developed photo product creation software.
Founded in 2004, monAlbumPhoto is a leading e-commerce player in France in the printing and processing of photo books and personalised photo products. More than 1.3 million photo products were produced in 2017 from its production facility in the Oise district, north of Paris, generating sales in excess of €30 million. For more information please visit www.monalbumphoto.fr
Chief Executive Officer