“We now look forward to joining strengths with Spin Master, an innovative leader in toys and entertainment, to further broaden the Toca Boca and Sago Mini brands in new areas for kids worldwide.” “Since the founding of Toca Boca, it’s been a privilege to have the full backing and support of Bonnier whose values in entrepreneurship and freedom have allowed us to flourish and succeed,” says Björn Jeffery, CEO for Toca Boca. In 2015, Spin Master generated over US$1 bn in total sales from toys and the licensing of TV series.
Toca Boca is being acquired by Spin Master, a global children’s toy and entertainment company with 950 employees, headquartered in Toronto, and listed on the Toronto Stock Exchange (TSX:TOY). With Toca Boca ready for the next step, it’s the right business choice for Bonnier to hand over the reins to a new owner with a base where Toca Boca can grow, both in terms of products and geography.”
As an owner, we’re proud to have contributed to a brilliant start-up developed within the framework of a 200-year-old media company. “Björn, Emil and the rest of the team at Toca Boca have gained huge trust from both children and parents by focusing on quality, playfulness and gender-neutrality. “Toca Boca’s start and subsequent development, with 140 million downloads over the past five years, is a success story for Bonnier Growth Media,” says Ulrika Saxon, CEO for Bonnier Growth Media. From its core business in digital toys, Toca Boca’s ambition is to grow by broadening its brand in video and physical products. Toca Boca, which is part of the Growth Media business area of Bonnier, gets more than 60 percent of its revenues from North America today. Björn Jeffery and Emil Ovemar, part of Bonnier’s R&D department at the time, came up with the concept of making digital toys for the smartphone generation.īased on the idea of always taking a child’s perspective and developing products for an international market, Toca Boca has grown into a top global brand for kids. Toca Boca started five years ago as a project out of Bonnier’s headquarters in Stockholm.
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