Travers Smith LLP has advised Takkt AG on the acquisition of BiGDUG Limited, a provider of business equipment based in the UK.
Takkt acquired BiGDUG through its subsidiary KAISER + KRAFT EUROPA GmbH, for consideration of approximately £19 million. In addition, up to a further £6.3 million may become payable, subject to the certain agreed performance goals over the next three years.
BiGDUG is a leading specialist in the online sale of business equipment, with an emphasis on storage solutions and racking and shelving products. Since its foundation in 2004, the company which is headquartered in Gloucester, has enjoyed strong and steady growth. It currently has over 250,000 customers in the UK and sells over 20,000 products, predominately online, via its main website.
The combination of BiGDUG and KAISER + KRAFT Europa is an ideal opportunity for further growth. TAKKT, which is listed on the SDAX and the Deutsche Börse Prime Standard, is the leading B2B direct marketing specialist for business equipment in Europe and North America. The group’s brands are represented brands in more than 25 countries and it has over 2,000 employees and just under three million customers worldwide.
The Sellers were represented by Russell-Cooke LLP.