As planned, the migration, which was announced as part of the integration following the acquisition of Fyndiq, transitions CDON frontend and majority of its backend from its legacy platform to a shared state-of-the-art platform.

"We are extremely pleased to announce the successful completion of our platform migration," said Fredrik Norberg, CEO of CDON. "This has been a complex undertaking, but our team has executed flawlessly to meet the deadline we set more than one year ago. We are excited about the opportunities this new platform will create for our customers, merchants, and shareholders."

The new platform provides CDON with a more flexible and scalable foundation to support its future growth. It also enables CDON to introduce new features and functions more quickly and efficiently across both of its marketplaces.

Atra Azami, CTO of CDON, added, "Migrating a platform of this scale while maintaining business continuity is a significant technical challenge. Our team's expertise and dedication have ensured a smooth transition. The new platform positions us to deliver a superior e-commerce experience and leverage the latest technologies to drive innovation."

CDON is confident that the new platform will enable it to deliver a best-in-class shopping experience to its customers in the Nordic region. "A lot of work remains, but the platform migration is a major step on this journey. We look forward to further improving the shopping experience", Fredrik Norberg added.

As previously disclosed, the successful platform migration is considered a vital step to reach the 40 mSEK run-rate saving in 2025 vs the combined cost base at the time of the acquisition of Fyndiq.