Ancestry.com acquires Genline AB
Ancestry.com announced that it has agreed to acquire the leading Swedish family history company Genline AB, a wholly owned subsidiary of Genline Holding AB. Genline Holding AB’s shares are listed on Sweden’s AktieTorget. The transaction remains subject to approval of Genline Holding AB’s shareholders.
Ancestry.com is the world’s largest online family history resource with more than 1.2 million subscribers to its network of sites, which contain and host over 5 billion historical records and 17 million family trees containing 1.7 billion profiles. Ancestry.com's shares are listed on NASDAQ.
Ancestry.com was advised by Mannheimer Swartling. The partner handling the matter was Martin Ericsson, primarily assisted by Patrik Lilieblad and Richard Edström (M&A), Stefan Widmark and Sara Nordlund (IP), Ola Axelsson (Employment) and Julia Brugge (IT).