BiGDUG’s Growth Continues with £19m Acquisition by TAKKT AG
A decade of growth rewardedLong-term Khaos Control customer, BiGDUG, a shelving and racking company based in Gloucester, has been acquired by the leading German direct-marketing specialist TAKKT AG for £19 millions. In addition to the initial purchase price of £19 millions, a further £6.3 millions will be paid if agreed performance goals are met during the course of the next three years. Doug Nourse and Jon Powell (pictured left) selected Khaos Control back in 2006, only a couple of years after the company’s inception, and have leveraged a great product offering, awesome customer service and Khaos Control to the point where BiGDUG is turning over around £19 millions per annum and attracting interest from multi-national companies, looking to expand in the UK.
How Khaos Control and BiGDUG will move forwardJon, Doug and all of the company’s key players are still on board, as is Khaos Control, and they will be responsible for furthering the development of BiGDUG in the years to come.
Doug Nourse was keen to stress the benefits that this deal will bring, not only to BiGDUG, but also to the wider community, “We’re excited to have found such an ideal purchaser for BiGDUG, and they will help facilitate our further growth. This will be great for Gloucestershire and is sure to provide a positive economic impact on the company who are a leading employer within the county. We will be embarking on development plans that will see us enter certain other European markets as well as extend our product range. This will lead to out taking on additional team members as we take the business through its next stage of growth.
BiGDUG will now become a part of TAKKT AG’s European Business Equipment Group, as the UK’s leading specialist in the sale of business storage solutions. In just over a decade of existence, BiGDUG have grown to the extent where they carry 20,000 product lines that they retail to more than 250,000 existing customers. With their innovative and valuable offering combined with a dynamic national advertising campaign their exponential growth is set to continue.
All of the team here in Grantham would like to take this opportunity to congratulate Jon, Doug and everyone at BiGDUG on this fantastic news. We’re looking forward to supporting and enabling BiGDUG’s future growth as part of TAKKT AG’s Business Equipment Group.