The Pervan family is partnering with KKR to further grow Välinge into a world leading R&D and IP provider in its respective business segments, leveraging KKR’s financial resources, its international network and its longstanding expertise in the global industrial sector.
The partnership with KKR will allow Välinge to invest behind new technologies in fast growing areas such as LVT flooring, tool-less furniture assembly, digital micro 3D printing and wood powder technology.
The former minority owners, Kronospan and Swiss Krono Group, will remain major licensees of Välinge’s technology and have played an important role in commercialising Välinge’s earlier technologies related to floor locking.
The transaction will be funded primarily from KKR’s European Fund IV. No financial terms were disclosed.
Välinge is an R&D and IP company with particular strength in wood based technologies and the flooring and furniture industries.
