Fiskars Group has completed the acquisition of the renowned Danish luxury lifestyle brand Georg Jensen by acquiring 100% of the shares of Georg Jensen Investment APS.
The debt-free, cash-free purchase price (enterprise value) was 155 million euros, which is subject to a post-completion adjustment based on the level of net working capital and cash and debt in the acquired business on the closing date.
Georg Jensen has products based on strong craftsmanship and timeless design in the homewares and jewelry categories. Its history goes back more than 100 years when silversmith Georg Jensen founded the company in 1904 in Copenhagen.
More information: https://fiskarsgroup.com/news/press-release/fiskars-group-has-completed-the-acquisition-of-georg-jensen/