Ingka Group acquired a 49% stake in Traemand.

Ingka Group, a holding company based in Leiden, which controls 315 of the 360 outlets of IKEA, acquired a 49% stake in Traemand, a US based kitchen service company, with an option to buy the remaining shares. Financial terms were not disclosed. “We know our customers appreciate our affordable, inspiring and functional kitchen range, in addition, the investment in Traemand makes it possible to integrate the planning and the installation service in the purchase, offering customers an even easier and more convenient experience when investing in a kitchen, ,” says Marcus Baumgartner, Customer Fulfilment Manager, Ingka Group.