Live Nation is strengthening its presence in Sweden through the acquisition of Luger Inc AB and Moondog Entertainment AB.

The live music juggernaut has bought an additional 51% of promoter Luger and taken out a further 25% stake in its sister management firm Moondog, taking LN's holding in each company to 100%. Financial terms were not disclosed.

"We are pleased to welcome the Luger and Moondog teams to Live Nation Sweden," said Carl Pernow, president Live Nation Nordics, in a statement issued today. "The combination of the strengths of these two companies with those of Live Nation will further reinforce our leadership in Sweden's live music market, allowing us to provide an enhanced experience to fans, artists and our corporate partners."

Stockholm-based Luger has a strong track record in the local live business, having promoted concerts by such acts as Coldplay, Arcade Fire, White Stripes and Duffy. The firm has also established three festivals in Sweden -- Way Out West, Accelerator and Where the Action Is, the latter through a partnership with LN.

Luger was founded in Sandviken in 1991 before moving to the capital in 1998. The company also operates an agency, which represents almost one hundred Swedish artists, including Britta Persson, Adam Tensta, the Hellacopters, the Hives, Petter, Teddybears Sthlm and Moneybrother.

The founders of Luger -- Ola Broquist, Patrik Fredriksson and Morgan Johansson -- will remain with the company, as will the rest of their staff, LN has confirmed.

The Moondog Entertainment firm guides the careers of such performers as José Gonzaléz, Caesars, the (International) Noise Conspiracy and the Hellacopters.