Kährs Group signs Nordic agreement with NCC
Malmö (Sweden), 6 February 2017 - Kährs Group, a Triton Fund III company, has signed an agreement to supply wood flooring to NCC’s Nordic operations.
Under the agreement, Kährs Group will deliver wood flooring to NCC’s new construction projects and renovation projects in the Nordic market. The agreement has a value of about SEK 220 million over four years.
“We are excited about our extended partnership with NCC as it is one of the leading construction and property development companies in Northern Europe. Kährs Group works with great determination to expand its flooring sales in the project market, and this agreement with NCC consolidates our leading position in this segment in Sweden and strengthens our position in the Nordic region,” says Christer Persson, President and CEO of Kährs Group.
NCC, with the Nordic region as its home market, develops and builds residential and commercial properties, industrial facilities and public buildings, roads, civil engineering structures and infrastructure projects.
Deliveries under the new agreement will start during the first half of 2017.
About Kährs Group
Kährs Group is a world-leading flooring manufacturer in hardwood and resilient flooring with a number of strong brands in its product portfolio, including Kährs, Karelia and Upofloor. The Company's innovations have shaped the industry throughout history and Kährs Group is dedicated to providing the market with innovative new flooring solutions. Kährs Group, which delivers products to more than 70 countries, is the market leader in Sweden, Finland, Norway and Russia and holds a strong position in other key markets, such as the UK and Germany. The Group has approximately 1,600 employees and annual sales of EUR 300 million. www.kahrsgroup.com
About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Austria, Belgium, Denmark, Finland, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 29 companies currently in Triton's portfolio have combined sales of around €13.8 billion and around 76,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, Luxembourg and Jersey.
Forfurther information: www.triton-partners.com
