Swedish Firms DBT and Cibus Mark Major Milestones with Strategic Acquisitions in December 2025

In a significant wave of business activity, two major Swedish companies, DBT and Cibus, have recently made notable acquisitions that are reshaping their futures and expanding their portfolios.

DBT, a challenger bank that counts former Swedbank CEO Michael Wolf among its board members, was acquired by Noba for 403 million kronor. This acquisition price is strikingly less than half of DBT's peak valuation from 2023, highlighting a shift in the company’s financial landscape. Alexis Kopylov, co-founder of DBT, expressed optimism about the acquisition, stating that the company now gains access to a "very strong financing structure," which positions DBT well for future growth despite the lower price tag.

Meanwhile, Cibus, a fastighetsbolaget (property company), has bolstered its real estate holdings with the purchase of eleven properties spread across Sweden, Finland, Denmark, and Belgium. The acquisitions were made in five separate transactions, collectively valued at 41.9 million euros (approximately 457.2 million kronor). This aggressive expansion comes just weeks after a change in Cibus’s CEO, marking the new leader's first major strategic move.

These developments highlight an active period of restructuring and growth for Swedish companies at the close of 2025. DBT's acquisition by Noba may reflect a recalibration in the lending sector's valuations but offers DBT a stronger financial backbone to continue its market presence. On the other hand, Cibus's property acquisitions demonstrate confidence in the regional real estate market and a strategic push under new leadership to expand its footprint across multiple European countries.

Together, these stories represent a dynamic business landscape in Sweden where companies are adapting, expanding, and positioning themselves for continued success internationally.