TAKKT AG: TAKKT Acquires Leading British Online Retailer for Office Furniture

TAKKT AG has acquired 100 percent of the shares of Equip4Work Ltd. Signing and closing of the transaction took place on January 29. The company generated sales of roughly 40 million pounds and an EBITDA margin in the low double-digit percentage range in the 2016/2017 financial year. It will become part of the newport group founded at the beginning of January within the TAKKT EUROPE segment.
Equip4Work, founded in 2004, sells office furniture such as desks, chairs and cabinets in the United Kingdom under its primary sales brand OfficeFurnitureOnline. It also sells warehouse and business equipment under the sales brand Equip4Work. The company places strong emphasis on private label brands and offers an attractive range of products in the affordable value for money segment as well as higher-scale branded furniture.

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