TCM group

TCM Group is a leading innovative manufacturer of kitchens and furniture for bathrooms and storage, and is the company behind the brands Svane Køkkenet, Tvis Køkkener, Kitchn og Nettoline.

TCM Group originates from one of Denmark's oldest kitchen manufacturers, Tvis Køkkener, founded in 1952 by carpenter Poul Frandsen. Together with Modulia, founded in 1965, industrial kitchen manufacturing was establised in the late 1960s, but without compromising the tradition of good craftsmanship.

Since then, ongoing investments in modern and high-tech machines at the factories in Jylland have secured TCM Group a position as one of Denmark's leading and most innovative manufacturers of kitchens and furniture for bathrooms and storage. 

In 2005, the group acquired the majority of Svane Køkkenet after years of close collaboration, and in 2017, TCM Group took over Nettoline with the brands Kitchn and Nettoline.

In 2006, Danish private equity firm Axcel acquired the majority of the Group. Under the ownership of Axcel, focus was on further optimization of the production and continued growth, both in Denmark and the rest of Scandinavia. In the beginning of 2016, TCM Group was acquired by IK Small Cap I Fund managed by European private equity firm IK Investment Partners together with management and board of directors.

On november 24, 2017, TCM Group was listed on Nasdaq Copenhagen. 

 


 

Management


Board of Directors:

 

 

Sanna Suvanto-Harsaae

Sanna Suvanto-Harsaae

Chairman of the company.
Independent. 
Danish and Finnish nationality.

Other positions include among others: Chairman of the board of BoConcept A/S, Babysam A/S, Footway AB, Altia Oyj, boardmember of SAS AB.

 

Anders Skole Sørensen

Anders Skole Sørensen

Deputy Chairman.
Independent.
Danish nationality.

Other positions include among others: CFO at Matas A/S, board member F. Uhrenholt Holding A/S.

 

Carsten Bjerg

Carsten Bjerg

Board member.
Independent.
Danish nationality.

Other positions include among others: Chairman of the board of Ellepot A/S and Guldager A/S, board member of Rockwool International A/S and Vestas Wind Systems A/S.

 

Søren Mygind Eskildsen

Søren Mygind Eskildsen

Board member.
Independent.
Danish nationality.

Other positions include among others: CEO at Louis Poulsen A/S, deputy chairman Vestas Aircoil A/S, board member Egetæpper A/S.

 

Peter Jelkeby

Peter Jelkeby

Board member.
Independent.
Swedish nationality.

Other positions include among others: Board member of Smarteyes AB.



Executive Management:

 

 

Ole Lund Andersen

Ole Lund Andersen

Chief Executive Officer since 2008.
Danish nationality.
B.Sc. Production Engineering.

Previous experience include: Tvilum-Scanbirk (CEO), Kilsgaard Doors/Westwood and Dansk Teknologisk Institut.

 

Karsten Rydder Pedersen

Karsten Rydder Pedersen

Chief Operating Officer since 2009 (employed since 2006).
Danish nationality.
M.Sc. Industrial Engineering.

Previous experience include: Qvartz and McKinsey.

 

Mogens Elbrønd Pedersen

Mogens Elbrønd Pedersen

Chief Financial Officer since 2015.
Danish nationality.
B.Sc. Business Administration.

Previous experience include: Bang & Olufsen, Bestseller and PwC.

 


 

Key financials