Altor-backed Network of Design completed the acquisition of String Furniture.

Altor-backed Network of Design, a furniture company, completed its acquisition of String Furniture, a range of furniture for a flexible work environment. Financial terms were not disclosed. "By establishing NOD we have started our work in forming the leading network for ambitious entrepreneurs in the affordable luxury design space. NOD will have a dedicated management team that will help the group companies deliver on their strategies and bring in additional companies in the partnership. As an owner Altor will also support the team with capital, expertise and experience both in value creation and acquisitions," Andreas Källström, Altor Partner.