Nowy Styl Sustainability Report 2018-2019

With global customers in mind, in mid-2018 we part- nered with HNI Corporation , a leading supplier and manu- facturer of office solutions operating in the North American, Asia Pacific and Australian markets. Together with HNI, we are able to come forward with a comprehensive offer for GRI 102-10 Acquisitions continue to be the second driving force of our development. We made the first one in Germany in 2011 (the Grammer Office brand), and five more brands have joined Nowy Styl ever since, three of them in 2018–2019. These were: Stylis (we acquired 60% of shares in the company in February 2018) – a company based in Dubai whose core business is furnishing hotels, but it also serves as a base for the development of our of- fice business in the Middle East; Kusch+Co (acquisition in Each of the companies was selected based on very careful analysis, where we checked which new sectors of business were worth investing in and which markets had growth potential. Above all, we calculated the maximum potential synergies with the companies that had already international customers with a network of branches and agencies in many countries. As a rule, such corporations are interested in organising global tenders. The joining of forces has opened up a number of perspectives for us in this regard. January 2019) – a German family-owned company with a well-established position among architects, famous for its designer solutions for a number of sectors such as trans- port (passenger terminals) and healthcare; Majencia (which joined us in May 2019) – one of the office solutions indus- try leaders in France for a number of years, the acquisition of which is expected to help us gain a greater share in the local market. been part of our organisation (taking advantage of the production, logistics and sales potential to create a com- plementary offering). In this way, we shape a valid busi- ness model that is based in equal parts on organic growth and acquisitions. HNI Nowy Styl 2011 2013 2015 2018 2019 Majencia 19