Scandinavian Business Seating signed agreement to acquire BMA Ergonomics
Oslo (Norway)/ Amsterdam (Netherlands), 2 June 2015 - Triton Fund IV portfolio company Scandinavian Business Seating (SBS) has signed an agreement to purchase BMA Ergonomics, a leading producer of swivel chairs marketed under the Axia brand in the Benelux region. It is intended that BMA will be merged with Scandinavian Business Seating's operations in the Netherlands.
"The acquisition of BMA Ergonomics is in line with our strategy to grow Scandinavian Business Seating in Europe and will strengthen SBS's current position in Netherlands. The combination of BMA, which has revenues of approximately €17 million and employs over 90 people, and SBS will form one of the largest players within ergonomic office seating in Benelux", said Thomas Hofvenstam, Head of Triton Advisers (Sweden) AB, investment professional and adviser to the Triton funds.
About Scandinavian Business Seating
Scandinavian Business Seating, headquartered in Oslo, is one of the leading office chair manufacturers in the Nordic Countries and Western Europe. The company offers an array of award-winning products through three differentiated brands: HÅG, RH and RBM. It has a history of product innovation in ergonomics and functional designs. Scandinavian Business Seating has approximately 460 employees, production sites in Sweden and Norway and sells through an independent network of distribution parties in 12 countries.
For further information: www.sbseating.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services, and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. As agents of positive change professionals at Triton work towards sustainable operational improvements and growth. The 28 companies currently in Triton's portfolio have combined sales around €13.5 billion and more than 58,500 employees. The Triton funds are advised by its head adviser Triton Advisers Ltd and sub-advisers with dedicated teams of investment professionals in United Kingdom, Germany, Sweden, Norway, Denmark, Luxembourg, Jersey and China.
For further information: www.triton-partners.com