Equip4Work acquired by German group TAKKT
German company TAKKT has acquired Equip4Work, a Dumfries-headquartered etailer of office furniture and business equipment. Under its brands Equip4Work and OfficeFurnitureOnline, the company generated sales of just under £40m in the 2016-17 financial year. The acquisition has been agreed for £35m with a further £10m payable on the condition of meeting certain targets by 2021. TAKKT is a b2b direct marketing specialist in business equipment in Europe and North America.