Actona Group's acquisition of Theca has been approved, strengthening its position in the upholstered furniture market and aligning with its sustainable growth strategy.

Target Company Overview

In October 2021, Actona Group announced its acquisition of Theca, which has now received regulatory approval, officially making Theca a part of Actona Group. The acquisition significantly strengthens Actona Group’s position in the upholstered furniture market and represents a strategic move within its ambitious growth strategy, 'Sustainable Business.'

Theca, known for its high-quality upholstered products, complements Actona Group's portfolio, adding valuable expertise and capacity to the company. With the consolidation of operations, Actona Group intends to create a unified upholstered division with a projected revenue exceeding 1 billion Danish kroner, with plans to double this during the strategic period.

Industry Overview in Denmark

The Danish upholstered furniture market is well-established but continues to face challenges, particularly within supply chains that have been exacerbated over the past 18 months.