Wesemann Group successfully acquires the insolvent Conen Group, securing jobs and expanding its market presence in the education and office furniture sector.

Target Information

The Conen Group, established in 1960, is a prominent producer of furniture and mounting systems tailored for educational institutions, public entities, and office environments. With a recent revenue of approximately €47 million, the company has maintained a strong global market presence. Their diverse product line features innovative and ergonomic furniture solutions, including electrically adjustable mounting and board systems customized to meet individual requirements. However, the group faced significant economic difficulties, leading to its recent insolvency.

The company's troubles stemmed from a severe decline in sales within the U.S. market, a lack of orders due to ongoing delays in the implementation of Germany's "Digitalpakt 2.0," along with intensified pricing pressures from Asian competitors. Initial restructuring steps taken in 2024 proved inadequate, forcing the organization to file for insolvency at the end of February 2025.

Industry Overview

The educational and office furniture industry in Germany is witnessing transformative changes, particularly driven by the integration of technology in learning environments. The push for modernized educational settings, fueled by initiatives like th