Exxe Group Acquires Furniture Manufacturer and Interior Design Agency, daskonzept group AG
- daskonzept group AG is a premier Swiss-based furniture manufacturer and interior design agency
- daskonzept had $11.4 million in assets, $4 million in revenue, and EBITDA of $813,000 in CY-2020
- Estimated CY-2021 revenue is $5.5 million and EBITDA of $1.1 million
NEW YORK, NY / ACCESSWIRE / May 20, 2021 / Exxe Group, Inc. (OTC PINK:AXXA), a diversified fintech company, has acquired a controlling interest in furniture manufacturer and interior design agency daskonzept group AG, which is headquartered in Thun, Switzerland.
daskonzept had assets of $11.4 million, revenue of $4 million, and EBITDA of approximately $813,000 in CY-2020. CY-2021 estimates are for revenue growth of 37% to $5.5 million, and EBITDA growth of 34% to $1.1 million.
daskonzept furniture brands include USM Haller, Vitra, Tecno, and Inno. The Company has various furniture manufacturing plants, offices, and warehousing operations in Switzerland, Italy, Finland, and Germany.
daskonzept has served a range of prestigious clients including, but not limited to, MoMA, Museum of Modern Art, New York, Charles & Ray Eames, George Nelson, Sir Norman Foster, Frank Gehry, Nicholas Grimshaw, Zaha Hadid, Tadao Ando, Alvaro Siza, Herzog & de Meuron, and SANAA.
Eduard Nazmiev, Ph.D., Exxe Group's CEO said: "The daskonzept acquisition marks AXXA's entry into the furniture manufacturing and interior design space. AXXA is now positioned to capitalize on an over 30% increase in revenues and EBITDA for daskonzept."
About Exxe Group, Inc.
Exxe Group is a diversified fintech corporation focusing on acquisitions in the following sectors: real estate, sustainable technology, media, agribusiness, and financial services. Exxe Group is an acquisition-driven company. The Company strategy is to acquire controlling equity interests in undervalued companies and undertake an active role in improving their performance - accelerating their growth by providing both access to capital and management expertise. For additional information go to www.exxegroup.com
About daskonzept group AG: Daskonzept is an interior architecture, design, office planning, and furniture sales firm. The Company designs and develops prototypes and produces a range of office living design furniture custom-made products under its own brand -designarchiv-, and is also an importer with exclusive partnerships of designer furniture in Switzerland. Markets include real estate development, coworking, revitalization, and temporary use furniture.
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SOURCE: Exxe Group, Inc.
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