Nordwood Acquires Flexa Eesti, Rebrands as Thuka Nordwood
Deal News | Jun 25, 2025 | CEE Legal Matters
Nordwood, an Estonian sawmilling group, has acquired Flexa Eesti, a furniture design manufacturer that was previously part of Denmark's Flexa4Dreams group. As part of this strategic takeover, Nordwood will take control of two manufacturing sites and incorporate over 100 employees into its current operations. Post-acquisition, the acquired entity will operate under the name Thuka Nordwood. The legal advisory for this transaction was provided by Walless and KPMG Law. The Walless team involved multiple partners and associates, while KPMG Law involved Attorney at Law Sandra Metsamart.
Sectors
- Manufacturing
- Furniture Design
- Legal Advisory
Geography
- Estonia – Nordwood is an Estonian company involved in the acquisition.
- Denmark – Flexa Eesti was previously part of Denmark-based Flexa4Dreams group.
Industry
- Manufacturing – Relevant as the transaction involves the acquisition of manufacturing sites.
- Furniture Design – Flexa Eesti specializes in furniture design, contributing to this sector.
- Legal Advisory – Walless and KPMG Law provided legal advice for the transaction.
Financials
- Not disclosed – Financial details of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nordwood | Bidding Company | Company | Estonian sawmilling group acquiring Flexa Eesti. |
| Flexa Eesti (Thuka Nordwood) | Target Company | Company | Furniture design manufacturer being acquired and rebranded by Nordwood. |
| Denmark's Flexa4Dreams group | Vendor | Company | Previous owner of Flexa Eesti. |
| Walless | Legal Advisor | Company | Provided legal advisory services for Nordwood in the acquisition. |
| KPMG Law | Legal Advisor | Company | Provided legal advisory services alongside Walless. |
| Rolan Jankelevitsh | Partner | Person | Partner at Walless involved in the transaction. |
| Kuldar-Jaan Torokoff | Partner | Person | Partner at Walless involved in the transaction. |
| Liina Kais | Senior Associate | Person | Senior Associate at Walless involved in the transaction. |
| Margus Koiva | Senior Associate | Person | Senior Associate at Walless involved in the transaction. |
| Riin Rehepapp | Senior Associate | Person | Senior Associate at Walless involved in the transaction. |
| Laura Melk | Associate | Person | Associate at Walless involved in the transaction. |
| Sandra Metsamart | Attorney at Law | Person | Attorney at Law from KPMG Law involved in the transaction. |