DENMARK - To further strengthen its position as a global player in the ready-to-assemble furniture market, Tvilum has acquired Steens Group.

The acquisition raises the combined annual revenue of the Group close to EUR 300 million.

Tvilum and Steens have both been strong players in the global ready-to-assemble furniture market and have shown significant growth as separate companies.

Combining the competencies and market insight of both companies to form a unified front utilizes the strengths behind both parties worldwide and thereby creates a larger and stronger business unit.

Our combined product offering covers the needs of both people looking to furnish their new apartment as well as those looking to give a new look to one of the rooms in their existing home.

Tvilum is on a great growth journey and has more than doubled its turnover since bankruptcy 3 years ago. It has also become clear that post corona, the world will never be the same again. In Tvilum we are strong believers in segment diversification and extending our global presence.