Published on : Thursday, May 11, 2017
Scandinavian Business Seating AS has acquired 100 percent of the shares in the OFFECCT AB group. The deal was completed on May 5, 2017. Founders Kurt Tingdal, CEO, and Anders Englund, Design Manager, will remain active in the company in the same positions as before.
The sale is a part of realising the founders’ vision to become a leading international player with in the furniture and design of meeting places. Through the acquisition, SB Seating is strengthening the Group’s offer and position in overall solutions for activity based meeting places.
Kurt Tingdal, Offecct CEO, says, “Having a new owner like Scandinavian Business Seating AS gives us access to an increased technical competence, broader global distribution channels, as well as an international network and cooperation. The decision regarding new ownership is a strategic choice to secure the Groups and the brands growth, on which we have focused for a long time. In SB Seating, we have found the right partner. We have many common denominators in our business philosophies regarding design, the future and integration of sustainable development.”
Anders Englund also adds, “There is great innovative know-how in the Group. With the strategic focus our new owner has chosen to develop further, that is furniture for tomorrows activity based meeting places, it is natural and inspiring for us to contribute to that kind of development.”
SB Seating aims for a long-term growth by broadening the Group towards overall solutions for activity based working and meeting places targeted at the world market. The acquisition of the design company Offecct is a part of this strategy.
Lars I. Røiri, CEO of SB Seating AS, shares, “We are genuinely proud that Offecct wishes to become a part of Scandinavian Business Seating. Offecct with its clear philosophy, corporate culture and sustainability focus with high design is a perfect match with what SB Seating is already offering today. Offecct has a strong product portfolio, is well established in its segment and has a great potential in the markets where SB Seating has its business. At the same time Offecct has a strong position within the segment of lounge and meeting furniture. An area of products that SB Seating will focus further on.”