About

Since its formation in 1962, Elkjøp has grown into one of Scandinavia’s largest electronics retailers with subsidiaries and stores across the Nordic region, including Iceland, Greenland and the Faroe Islands and annual revenue of over $4bn recorded for the fiscal year 2015/16. Magnus Fegth returned to in-house work after a successful four years at law firm Kvale Advokatfirma which ended in 2008. In terms of Fegth’s recent activities, he assisted on Elkjøp’s purchase of Infocare Workshop, a service and repair operator, in an agreement signed October 2015 and that ‘will strengthen our service offerings by ensuring effective repairs and changing service offerings’, according to a senior company source at the time of the deal. Since then Fegth helped the company secure its largest business contract ever in January 2017 when Elkjøp concluded an agreement with SpareBank 1 Banksamarbeidet to supply mobile phones and tablets to the entire SpareBank 1 Group over the next four years. With the company openly harbouring aspirations of being ‘the Nordic response to Amazon’ and head of corporate markets, Vegard Bjerkvik, saying of the company’s landmark deal with SpareBank 1 that ‘this is just the beginning. We are now geared to handling this type of agreement in the future’, Fegth looks set to play a key role in the Elkjøp’s future growth.