Scandinavian Business Seating signed agreement to acquire Malmstolen
Oslo (Norway) / Gothenburg (Sweden), 14 December 2016 - Triton Fund IV portfolio company Scandinavian Business Seating (SBS) has signed an agreement to purchase Malmstolen AB, a Swedish producer of ergonomic swivel chairs marketed under the Malmstolen brand.
Malmstolen AB is based in Stenungsund and has approx. SEK 60 million in sales with resellers in 10 countries around the globe. The company’s five product lines Classic, Premium, Executive, Flexible, and Industrial follows from their belief that ergonomic working tools must be designed according to the human form and the working situation.
"The acquisition of Malmstolen will strengthen SBS's current position in ergonomic seating by adding five new product lines to the SBS organization. We look forward to continue growing and developing the Malmstolen product portfolio and brand, and we see great potential for further international growth", said Thomas Hofvenstam, Investment Advisory Professional and Head of Triton Advisers (Sweden) AB, an 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 four differentiated brands: HÅG, RH RBM and BMA. It has a history of product innovation in ergonomics and functional designs. Scandinavian Business Seating has approximately 560 employees, production sites in Sweden, Norway and the Netherlands and sells through an independent network of distribution parties through subsidiaries in 14 countries and several export markets.
For further information: www.sbseating.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe, Italy and Spain. 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. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 28 companies currently in Triton's portfolio have combined sales of over €13.4 billion and over 75,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, Luxembourg and Jersey.
For further information: www.triton-partners.com