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Home furniture is a significant part of home decor and furnishings. Consumers across the world are following the trends in the home furnishing and investing in the creative pieces of furniture for their homes. There is a growing demand for home furniture equipped with electronic technologies that ultimately provide comfort to the end users.

Home furniture items include beds and mattresses, sofas and armchairs, entertainment units, storage units, upholstery, table and desks, dining, and kitchen furniture, are gaining massive popularity among home buyers who want to make optimal use of living spaces. Some of the biggest mergers and acquisitions in the Home Furniture Market are listed below.

Herman Miller acquired Knoll Inc.

On 19th April 2021, Herman Miller announced the acquisition of Knoll Inc, one of the leading players in the design, manufacturing, and retailing of office and home furniture. The main aim behind this acquisition is to fulfill the furnishing needs of the people who have significantly shifted into home office after the novel coronavirus pandemic hit the world.the acquisition is a very remarkable as it brings together two of the leading players in the market and shall lead to enhancement of portfolios. The merger of the two brands is going to be an exceptional one in the field of modern design. The experience Knoll with experienced designers combined with the industry expertise of Herman Miller will make this merger a grand success.

Ikea acquired Geomagical Labs

In April 2020, Ikea, a swedish home furnishings and decor brand, announced the acquisition of Geomagical Labs, an AI imaging startup. Ikea has been partnering with various brands and launching business units of its own in order to expand its reach. Ikea recently developed its AR-based visualisation tool and the decision to acquire Geomagical labs was mainly because of its exceptional and groundbreaking tech and to supercharge room visualizations.

La-Z-Boy acquired Seattle Market

In September 2020, La-Z-Boy completed the acquisition of 6 independent furniture stores in Seattle Market. Seattle Market is a Washington based business under which six independently owned La-Z-Boy Furniture Galleries stores are operated. The stores have performed exceedingly well in the past by generating sales above average. This acquisition is projected to help La-Z-Boybrand to steadily expand its portfolio and grow in the home furniture market by the opening of more potential stores across the countries.