Götessons has acquired David design - the companies are strengthening their future
Götessons, based in Ulricehamn, has from 2020-07-16, acquired all shares in David design.
- Götessons broadens its offering of high-quality design products in furniture, lightning and accessories through the acquisition of David design
- The acquisition will help accelerate growth of David design, as well as provide Götessons with complementing products and know-how
- David design will continue to operate as a separate entity in the Götessons group
Founded in 1998, David design is a pioneer within new Nordic design. The company manufactures furniture, lightning and accessories co-operating with world leading designers.
“We are very happy to have David design joining us on our journey. Götessons and David design will be able use each other’s strengths and create synergies together. Together with David design, we will strengthen our competence and improve our offering for architects, interior designers and our customers in Sweden and internationally”, says Emil Johansson, CEO of Götessons.
The sellers of David design will remain active in the company, and becomes minority owners in Götessons through the transaction.“Götessons has had a fantastic development for several years, and is today an important player in Sweden as well as export markets, with a strong network. Götessons is a partner that understands the strength of our brand and our values. We look forward to continuing to grow with the support of Götessons.”, says Håkan Nilsson, CEO of David design.
Götessons was founded in 1984 and has since developed into an international group offering a complete assortment of work environment solution, focusing on the open office space. The group has expertise in acoustic treatments through the subsidiary Akustikmiljö i Falkenberg. Götessons products today include table and floor panels, lightning, acoustic absorbents, seating furniture and accessories for the office environment. In 2019, the company had net sales of SEK 321 million, having enjoyed an average growth of 15% since 2016. Götessons has approximately 100 employees. David design will add pro forma sales of SEK 23 million, and 12 employees.
Götessons is majority owned by Accent Equity. Accent Equity was founded in 1994, and has since then completed 89 platform investments. Accent Equity’s ambition is to develop its portfolio companies into Nordic, European and Global leaders through sustainable operational improvements and improved strategic positions. Accent Equity Partners is an advisor to the Accent Equity Funds. www.accentequity.se