Draper Europe Acquires Awning Manufacturer Tvaakersmarkisen

Draper Europe AB has acquired Tvaakersmarkisen. In addition to being one of Sweden’s largest awning manufacturers, Tvaakersmarkisen also makes window shades and venetian blinds.

“Awnings are a popular window covering in Europe, due to the high cost of energy,” according to Goran Peterson, managing director, Draper Europe AB, “so this was a natural fit for Draper.” Peterson adds, however, there more than awnings in Draper Europe’s plans.

During the second half of 2012 Draper Europe will also begin to manufacture interior and exterior window shades using Draper’s proprietary hardware system.

“The combination of awnings and interior and exterior window shades will make Draper Europe on of the largest window covering manufacturers in Scandinavia,” Peterson points out. “We see great synergies between projection screens and window shades, and are happy to be able to capitalize on Draper’s extensive knowledge and experience in window coverings to expand our offering in Europe.”

The products will be distributed in Sweden through Tvaakersmarkisen’s window covering concept stores and independent dealers.

Draper Europe AB, a wholly owned subsidiary of Draper Inc., is located in Halmstad, Sweden.In the U.S., Draper is a leading provider of projection screens and gym equipment, as well as lifts, mounts and window coverings.