Savills, the international real estate services provider, has acquired Alpina Holdings, a prominent furniture manufacturer, for an undisclosed amount. This corporate acquisition sees Savills expand its operational scope by bringing Alpina's manufacturing capabilities in-house.
Alpina Holdings, founded in 2002, operates from a 35,000 square meter production floor in the Siberian region of Russia. The company specializes in manufacturing high-end quality furniture, kitchen sets, furniture parts, and interiors for export to various overseas countries. Alpina is known for its high-pace production cycle, ability to handle bulk and customized orders, use of eco-friendly premium materials, and seasonal model updates. It serves a diverse clientele, including retailers, HoReCa representatives needing custom-made furniture in short periods, and small furniture manufacturers seeking parts like frames and legs.
This strategic acquisition is expected to create significant synergies by integrating furniture manufacturing directly into Savills' service offerings. Savills’ extensive work in commercial real estate, residential development, and hospitality projects often requires substantial interior fit-out and furnishing. Alpina's proven capacity for customized, high-volume production of quality pieces is poised to enhance Savills' ability to deliver comprehensive, end-to-end solutions for its clients, potentially streamlining supply chains and ensuring quality control for interior components.
The purchase of Alpina Holdings represents a clear move by Savills to diversify and strengthen its value proposition beyond traditional real estate services. The combined entity is anticipated to offer a more integrated service model, from property conceptualization and development to complete interior outfitting, providing clients with a consolidated source for their real estate and furnishing needs.