Tæppeland Holding A/S has been acquired by Biva Holding A/S
November 2011 — Biva Holding A/S, through its subsidiary Biva Møbler A/S (Biva), a Danish retailer of discount furniture, has acquired Tæppeland Holding A/S from private shareholders. Financial details have not been disclosed.
Tæppeland Holding A/S owns Tæppeland A/S, a leading Danish retailer of carpets, wooden floors and other hard floors, ceramic tiles and related accessories. In addition, the company also includes Tæppeland Erhverv, comprising sales to the businesses and construction sector.
The transaction has created a new strong player on the Danish market for interior design, Biva–Tæppeland. "By merging Biva and Tæppeland, we achieve significant benefits and expect to offer even better products and prices to our customers. Moreover, we can implement significant savings that improve efficiency and profitability. We believe that customers will like our new concept, where individual stores will offer a very wide range of products that complement each other, furniture and flooring fits together perfectly. Our two companies will be significantly stronger together than separately," said Torben Løvdal, Managing Director of Biva, who will continue in that role in the new Biva–Tæppeland.
The investors behind the new Biva–Tæppeland will be adding new capital, over US$7 million, to pursue integration and invest in the new joint concept. The majority shareholder is still ALMC (formerly Straumur). Furthermore, IKEA's former CEO, Anders Moberg, continues as co-investor. Founder and previous owner of Tæppeland, Jørn Jensen, also enters as co-investor and will be a member of the board.
Our role in the transaction
Oaklins' team in Denmark advised the seller in this transaction.
Talk to the deal team
Related deals
Cibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreGroGlass has been acquired by Apogee Enterprises
Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.
Learn moreNextalia has acquired a majority stake in Witapp
Nextalia SGR S.p.A. has acquired a majority stake in Witapp S.r.l., an Italian company specializing in software development for the digitization of healthcare infrastructure. The acquisition strengthens Nextalia’s track record in technology companies serving the public sector and supports its strategy of investing in businesses operating at the intersection of healthcare digitization and the modernization of public services.
Learn more