The Bjelin Group has acquired 100% of the shares in the industrial division of the Swedish Välinge Group. This division manufactures and sells floor coverings based on Välinge Innovation's "Woodura" technology.
Photo: Välinge Innovation Sweden AB.
Bjelin Group, fully owned by Pervanovo Invest AB, the majority owner of Välinge Group, will integrate the acquired production sites in Sweden and Croatia, as well as flooring sales companies in North America, the UK, and France, into its operations. The acquisition, expected to be completed in the first quarter of 2025, is pending regulatory approval.
Niclas Håkansson, CEO of Välinge Innovation AB, commented on the completion of their collaboration to expand production with powder-based surface technologies, emphasising that Välinge will continue to lead in innovation, product development, and licensing. He added that Bjelin Group will be a key licensee for Välinge's "Woodura" and "Nadura" technologies, boosting market demand for these surfaces.
In addition to the acquisition, the US investment company Strategic Value Partners (SVP) has made n EUR 200 million preferential investment in Bjelin Group to support its long-term growth. Darko Pervan, Chairman and Founder of Bjelin Group, noted that this partnership with SVP is not just financial but also strategic, with potential for expanded collaboration with SVP's portfolio company Pfleiderer, a leading manufacturer of engineered wood materials. Pervan expressed excitement about the potential for commercial and technical cooperation between Pfleiderer and Bjelin, particularly in the areas of engineered wood for flooring, furniture, and construction.
Source: www.moebelmarkt.de