Project A co-invests in Inwerk, a leading online provider of professional office furniture in Germany, alongside Triton, to capitalize on the evolving landscape of office design post-Covid.

Information on the Target

Inwerk is a premier online provider of professional office furniture in Germany, recognized for its innovative design and sustainability. Founded in 2001 and headquartered in Meerbusch near Düsseldorf, the company employs 105 staff and serves over 400,000 customers, including 75% of the Dax 30 members. The firm specializes in offering a diverse range of products, with a portfolio featuring 10 million article variants, tailored to meet the unique needs of each client. Inwerk's comprehensive services also include 3D office planning facilitated by a skilled in-house team of interior designers.

Inwerk has garnered multiple awards for its creativity and commitment to sustainability, including the prestigious iF Gold Design Award in 2021 for its innovative Masterbox Kitchen. The company also operates the Open Innovation Lab "LAB-3," established in 2020, which focuses on developing new workplace systems and addressing the evolving demands of office environments, including home office setups.

Industry Overview in Germany

The office furniture market in Germany has seen significant transformation in recent years, driven largely by changing work habits, technological advancements, and the impact of the Covid-19 pandemic. As remote work becomes more prevalent, co