Fiskars Group to acquire Georg Jensen for $163m.

Transaction Tags

• Acquisition
• Private
• Pending
• Denmark
• luxury brand
• Clothing and Accessories
• Majority
• Friendly
• Single Bidder
• Cross Border

Synopsis

Fiskars Group, a group of design-driven brands for indoor and outdoor living, agreed to acquire Georg Jensen, a Danish luxury lifestyle brand, for $163m. “Being an iconic brand with a strong heritage and focus on pioneering design, Georg Jensen is a perfect fit to Fiskars Group’s family of brands both strategically and culturally. We are delighted to welcome Georg Jensen and its employees to Fiskars Group," Nathalie Ahlström, Fiskars Group President and CEO.

Sources