USA – Knoll, Inc. and Muuto announced that Knoll, Inc. has signed a definitive agreement to acquire Muuto, the Copenhagen-based designer and provider of affordable luxury furniture, lighting and accessories for the workplace and home for USD 300 million.

Andrew Cogan, Knoll President and CEO, stated, “Muuto is a ‘resimercial’ design-driven, creative Scandinavian brand representing global style for the workplace and home. We have been tracking their explosive emergence on the workplace and residential scene in both Europe and North America for some time now.”

“Muuto products pair seamlessly with the range of modern Knoll designs, offering an expanded breadth and depth of affordable luxury products that reflect today’s evolving work styles and trends in residential design, with particular appeal to a younger generation of architects, designers and clients and those seeking a homier, more relaxed aesthetic,” he added.

Mr. Cogan noted that Muuto expands the range of price points Knoll covers in the affordable luxury segment and significantly expands the Company’s mix of International sales from 15 percent to 20 percent.