Neuffer Fenster + Türen GmbH, online retailer for windows and doors, sold 74.2 percent of its shares to the Upper Austrian IFN Holding AG. With the new majority shareholder, the company wants to benefit from the know-how of IFN in the window and door sector.
After the exploratory process, Neuffer windows + doors and IFN Holding AG, based in Traun in Upper Austria, have successfully reached an agreement. Subject to the approval of the Federal Cartel Office, IFN will become the new majority shareholder and, among other things, will take over the shares of the Swedish investment company Latour in the Stuttgart-based company, which was founded in 1872. Neuffer, with its online shops such as Fenster.com and fensterversand.com one of the pioneers of e-commerce in Germany. Together with IFN, one of Europe’s leading manufacturers of windows, doors, facades and sun protection, the Stuttgart-based company is now bundling its competencies and pursuing the ambitious growth strategy of becoming the world’s strongest online player in the window and door segment.
IFN Group supports expansion of Neuffer windows + doors
“IFN has enormous strategic competence along the entire value chain, from supply chain management to production and logistics,” says Philipp Neuffer, Managing Director in the fifth generation of Neuffer Fenster + Türen GmbH, about the new partner. “I am sure that in combination with our many years of e-commerce expertise we have found the perfect answer to the enormous growth opportunities in our segment.”
The integration into the IFN Group supports Fenster.com in its expansion and internationalization strategy. Both the experience and industry expertise of the IFN network and the growth capital acquired enable international expansion into the Belgian, Austrian and Swiss markets. The acquisition of Fenster.com is also part of the growth strategy for IFN Holding AG: “With Fenster.com, we are strengthening our expertise in alternative sales channels and digital consulting and are strategically expanding the growing e-commerce business field,” adds Christian Klinger, co-owner and Company spokesman of the IFN-Holding AG.
Innovative technologies and a broad product portfolio
With the shops Fenster.com, windows24.com and the French counterpart fenetre24.com, Neuffer Fenster + Türen GmbH has established itself as Europe’s leading online supplier of windows, doors and sun protection. An area in which brick-and-mortar retail is still very strong. However, with a focus on innovative technologies and a broad product portfolio with more than 40 configurators, Neuffer has managed to establish a unique platform in its shops that is tailored to the needs of its target groups.
The Stuttgart-based company Neuffer was founded in 1872 by Ludwig-Ulrich Neuffer and received the title “Court Glazier” from the Royal Württemberg Court Building Office as early as 1887. With orders for the Königsbau and the Old Castle, Neuffer established itself as a well-known window manufacturer beyond the borders of Württemberg. In 1996, the company focused on selling windows and doors. Since 2005, Neuffer Fenster + Türen GmbH has been selling its products exclusively via the online shops Fenster.com, fenetre24.com, windows24.com and haustueren.de.
Neuffer windows + doors with a Europe-wide growth strategy
Founded in 1872, the former window and door manufacturer Neuffer has been selling windows, doors and accessories exclusively via online shops since 2005. The company is pursuing a Europe-wide growth strategy. generated today Neuffer windows + doors mainly in the core markets of Germany and France, sales of around 30 million euros and employs around 60 people.
the IFN Holding AG sees itself as a network of strong companies for complete solutions for windows, doors, facades and sun protection. The brand association consists of the companies Internorm, Schlotterer, GIG and Topic – all based in Austria. There are also HSF based in Slovakia, Kastrup and Skanva based in Denmark and Skaala based in Finland. IFN offers special solutions for the intelligent building facade of the future. (sg)
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