By Kymberly Martin

Australian-owned company goes into international hands.

The Australian home appliance company Technika has been acquired by the Glen Dimplex Group. The acquisition combines Technika cooktops, built-in ovens, cookers, microwaves, rangehoods and laundry products as well as Bellissimo by Technika appliances with the existing Glen Dimplex brands of Belling and New World.  The Technika range is stocked by The Good Guys.

It represents the second Australian acquisition for Glen Dimplex following the purchase earlier this year of the family owned fireplace heating company Real Flame.

Technika, founded in 1998 by Craig Hucker and Mark Galea, was a privately owned Australian business.  Commenting on the acquisition Hucker and Galea said: “We are both delighted and humbled that our company Technika, had attracted interest from Glen Dimplex, an immensely successful and significant global entity, and was subsequently purchased”.

technika-logo

Both will continue in their current roles as joint general managers.  Their continued involvement was an integral part of the acquisition, Glen Dimplex Australia managing director, David Woodward said.

“Technika have a different business model to our existing business and there is invaluable knowledge and experience within the existing team that we wanted to retain and preserve. I would like to assure the Technika team and all Technika customers that it will be business as usual.

Speaking to Appliance Retailer, Woodward confirmed that the acquisition would have no impact on the Glen Dimplex product offering or customer base.

“Technika have fantastic long term relationships with architects, interior designers, builders and retailers Australia-wide. We look forward to introducing our other Group brands to these important decision makers in the near future,” Woodward said.

“Technika’s distribution channels are very complimentary to Glen Dimplex Australia’s existing routes to market. The major synergies revolve around introducing other Glen Dimplex brands to Technika’s existing customers where it makes commercial sense to do so,” he added.

Glen Dimplex Group CEO, Fergal Naughton commented: “We are proud to welcome Technika to the Glen Dimplex Group family. Technika represents our second Australian acquisition in 2016 and we are excited about the future growth opportunities for the business.”