Bjelin Group will acquire 100% of the shares in Välinge Group’s industrial division, which will then merge with Bjelin Industries.
Bjelin Group currently has a 51% ownership stake in Välinge Group. The new acquisition is expected to be completed during the first quarter of 2025.
Bjelin Group will acquire 100% of the shares in Välinge Group’s industrial division, which will then merge with Bjelin Industries.
Bjelin Group currently has a 51% ownership stake in Välinge Group. The new acquisition is expected to be completed during the first quarter of 2025.
Välinge Group has two business segments: A licensing business for flooring and furniture applications (Välinge Innovation AB) and an industrial division that manufactures and sells Woodura technology. Bjelin is acquiring the latter.
“Välinge will continue to lead in innovation, product development and licensing, with a strong focus on being the industry’s most reliable partner in these areas,” Välinge Innovation AB CEO Niclas Håkansson said in a statement. “Bjelin Group will be an important licensee, deeply committed to our key technologies, which will drive increased market demand for several of our innovations, particularly in Woodura and Nadura-based surfaces.”
To fund the acquisition, Bjelin Group signed an agreement with investment firm Strategic Value for a €200 million ($205.9 million) preferred equity investment in Bjelin Group.
“Our partnership with SVP is more than a financial investment,” Bjelin Group Chairman Darko Pervan said in a statement. “Bjelin Industries has a key relationship with SVP’s portfolio company, Pfleiderer, a leading manufacturer of high-quality wood-based products, including HDF, which is used as a core in our Woodura flooring, laminates for kitchen, furniture, and construction applications. We are excited about the potential to expand the collaboration between Pfleiderer and Bjelin with a wide range of potential commercial and technical cooperation opportunities.”