Oslo (Norway) 7 March 2022
With the acquisition, Flokk is expanding its footprint in the strategically important UK market. It also underpins its international growth strategy by doubling revenues in the key UK market to approximately EUR 30 million. Founded in 1997, Connection is headquartered in Huddersfield and has showrooms in Manchester and London.
“This transaction is another example of how Flokk consolidates the fragmented European office seating market through targeted and value-creating acquisitions of attractive companies and brands. Connection has a strong position within collaborative furniture, including rooms and booths, and excellent channels to designers and architects in the project market. This complements Flokk's offering and underlines our position as a seating solutions provider. The acquisition also gives us a manufacturing presence in the UK, and we see substantial commercial synergies and mutual benefits from Connection joining the Flokk group” says Lars I. Røiri, CEO of Flokk.
Through a combination of organic growth and acquisitions, Flokk has been transformed from a Scandinavian player to a European market leader within office seating, with a strong foothold in the US market, and annual revenues of more than EUR 300 million.