Lars Larsen Acquires Actona

April 23, 2015  by in Acquisition, Industry   

Under the agreement, Actona with its 1,200 employees, becomes part of the Lars Larsen Group. In addition to JYSK, the group includes online retailer Bolia.com, furniture retailers ILVA and IDEmøbler and furniture supplier Interstil. 

"Actona is a healthy company with good values, a highly competent management team and a strong organization,” said Lars Larsen. “The business area is of course a good match for Lars Larsen Group, so I am very pleased we have reached this agreement.”

Actona CEO Torben Villadsen will join the Lars Larsen Group.

”I am sure that this development will strengthen Actona,” Villadsen said. “We will have an owner whose perspective is long-term and who wants only the best for us. And we can continue our excellent relations with customers and partners.”

Action was founded in 1981 by Orla Dahl Jepsen, who died in 2014. Jepson’s widow Susanne Dahl Jepsen, said the Lars Larsen Group acquisition makes perfect sense.

”I know that Orla would have been happy with Lars Larsen as owner, both for the sake of the company and its employees,” Jepsen said. “Orla and Lars knew each other well and shared the same values.”

Larsen said Actona will be run as an independent organization like other companies that are part of the Group.

"Actona is a strong player in the sector; the management know what works for them,” he said. “They also have a very sensible vision for their future development. As the new majority shareholder, my job is to give them the best conditions for continued growth, so that they can become even stronger as an independent part of Lars Larsen Group.”

Larsen will hold the majority of shares in Actona while current directors, including Villadsen, CFO Aksel Lægsgaard and Commercial Director Søren Damgaard will also own shares in the company.