Blum acquires majority stake in electronics manufacturer

Furniture components manufacturer Blum has acquired a 75.1% stake in the Austrian electronic products manufacturer System Industrie Electronic.

22 Nov, 22

Furniture fittings manufacturer Blum has acquired a 75.1% stake in the Austrian electronic products manufacturer System Industrie Electronic.

Blum acquires majority stake in electronic products manufacturer

The partnership creates synergies in the procurement of electronic components and research and development.

Based in the town of Lustenau, Vorarlberg, System integrator S.I.E generated an annual turnover of €24.8 million in 2021 with 125 employees across three sites.

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Managing director of Blum Martin Blum explained: “S.I.E’s focus is on the interaction of mechanical engineering, electrical engineering and information technology.

“At Blum, we develop product innovations for electric and intelligent furniture.

“Together, we can further expand our competencies in the business segments of S.I.E and in our mechatronic and smart development projects.”

Blum, which reported a  growth in turnover of €266million for 2021/22,  has developed mechatronic products for the past 16 years, having offered its Servo-drive electric motion system since 2006.

It introduced Amperos, which equips furniture with lights and charging facilities for smartphones, at trade fair Interzum in 2021.

Blum will now combine its competencies in mechatronics with those of the Lustenau-based specialist for embedded systems.

S.I.E will retain its status as an independent company with its 125 employees and continue to operate the Vorarlberg site plus two sites in southern Germany.

 

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