Knoll has acquired Muuto, a Copenhagen-based designer of affordable luxury furniture, to enhance its global presence and diversify its product offerings in the design market.

Target Company Overview

Muuto, founded in 2006 and headquartered in Copenhagen, is a prominent designer and manufacturer of affordable luxury furniture, lighting, and home accessories. The company is well-known for its innovative approach to product design, which seeks to honor and enhance the Scandinavian design heritage through fresh perspectives. Muuto has established itself as a market leader in the 'affordable luxury' segment of the industry, catering to both residential and commercial clients.

With an impressive track record of sustained growth, Muuto has consistently achieved annual growth rates ranging from 30% to 50%. The company currently reports revenues of approximately DKK 460 million and an EBITDA of around DKK 130 million, showcasing its strong profitability in a competitive market.

Industry Overview in Denmark

The Danish furniture and design industry is characterized by its commitment to quality, craftsmanship, and innovation. Renowned for a minimalist aesthetic that prioritizes function and beauty, Danish design continues t