Announced
Completed
Synopsis
Triton-backed Flokk, a manufacturer of office seating products, completed the acquisition of Connection Seating, a manufacturer of furniture. Financial terms were not disclosed. “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,” Lars I. Røiri, Flokk CEO.
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