Otto Schachner, subsidiary of CERVA GROUP, strengthens its position in the Nordic Countries

13-01-2022 / Michal Jirák

Jeneč, 11th January 2022 - As a continuation of our growth strategy in Scandinavia, it is with great pleasure we can announce that otto schachner ApS, will take over 100% of the activities in the Swedish company, House of Far East AB / Gloves Pro as of January 11, 2022.

House of Far East AB / Gloves Pro was established in 1973 and is today known as a significant supplier of work gloves of modern design and high quality. This merger is expected to bring clear synergies, when adding the existing, wide ranges and product categories from both otto schachner ApS as well as from the Group's European Headquarters, CERVA GROUP a.s., in Jeneč, Czech Republic.

House of Far East AB / Gloves Pro is located centrally in Sweden, on the outskirts of Stockholm. The current organization will continue unchanged – and as a result of the acquisition a strong expansion of activities is expected.

In 2016, otto Schachner ApS acquired a majority stake in BockMann Finland Oy. Since then, BockMann Finland Oy's growth has been strong due to expanded resources and a motivated team. Bockmann Finland has grown into a major player in the Finnish market. As a result of the acquisition in Sweden, BockMann Finland Oy, will become even more closely part of the Nordic organization.
The above constellation will bring an increased focus on mutual markets and an ability to be competitive. It is our clear intention to benefit from the mutual opportunities that lie in a local presence while simultaneously offering a comprehensive set up for customers and suppliers represented in all three countries.

We look forward to meeting you to present the three companies, in a joint Scandinavian set up. The Group's parent company, CERVA GROUP a.s., with Headquarters in Jeneč, Czech Republic, is today one of the largest providers of PPE in Europe with a total turnover of just over 250 million Euros, with more than 500 motivated employees and more than 75,000 square meters of warehouse.

CERVA GROUP, a.s., has stood for safety and comfort at work since 1991. It is a renowned manufacturer of protective work equipment tailored to each profession. More than 500 employees in 14 locations brought the company an annual consolidated turnover of CZK 6.2 billion in 2020 and satisfied customers in more than 100 countries (https://www.cerva.com/about).

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