Osborne Clarke has advised Düsseldorf-based start-up, Shop.co, on its acquisition by Swedish payment service provider, Klarna.

Shop.co has developed a browser extension that enables users to save preferred products in various online shops when shopping online. Customers are able to purchase these products directly using a single shopping basket without having to order on different sites. Klarna has already acquired various start-ups in Germany and is rated at a value of more than two billion euros.

An Osborne Clarke team led by Nicolas Gabrysch advised Shop.co on the acquisition. The team included Sophie Hoffmann (both Corporate), Konstantin Ewald (IT), Dr David Plitt and Mattis Aszmons (both Employment law).