Blum acquires majority stake in System Industrie Electronic

KitchensNews Thu 24th Nov 2022 by KBBFocus

Blum acquires majority stake in System Industrie Electronic

Blum acquires majority stake in System Industrie Electronic

Blum is acquiring a 75.1% stake in the Austrian company System Industrie Electronic GmbH (S.I.E), based in the town of Lustenau, Vorarlberg. System integrator S.I.E generated an annual turnover of 24.8million euros in 2021 with 125 employees in three sites.

Blum's MD Martin Blum said: "S.I.E's focus is on the interaction of mechanical engineering, electrical engineering and information technology. At Blum, we develop product innovations for electric and intelligent furniture. Together, we can further expand our competencies in the business segments of S.I.E and in our mechatronic and smart development projects."

The close partnership also creates new synergies in the procurement of electronic components and the flexible use of resources in research and development. Blum has been focusing on the potential of smart furniture for some time, and was early to start developing mechatronic products for the "furniture of the future". For example, the fittings manufacturer has been offering the Servo-Drive electrical motion support system for wall cabinet fronts and pull-outs since 2006. The latest product solution from Blum, Amperos, pictured here, equips furniture with lights and charging facilities for smartphones and household appliances, and there are more electronic applications in the pipeline. It was presented at Interzum, the world's leading trade fair for furniture manufacturing and interior design, in 2021.

In contrast to Blum's core business of mechanical systems, the innovative discipline of mechatronics is very fast-moving and dynamic. S.I.E's employees are deeply focused on this technology, so their know-how is invaluable to Blum, which is now combining its own competencies in the field of mechatronics with those of the Lustenau-based specialist for embedded systems. S.I.E will retain its status as an independent company with its 125 employees and continue to operate the Vorarlberg site plus two sites in southern Germany.

Tags: kitchens, news, blum, system industrie electronic gmbh, martin blum

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