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Round-up | NEWS


Which room is the most popular for renovations?


A SURVEY by comparison site money.co.uk has revealed which are the most popular rooms in the home for renovations. Way out in front were kitchens. In its


survey, the comparison site looked at data from video app TikTok on which rooms people were renovating and found that kitchens were by far and away the most popular with more than 90 million views.


It said that one viral kitchen renovation video of a before-and-after Ikea makeover had racked up over one million views within 24 hours. Bathrooms were the next most popular choice for refurbishments, clocking up 67.6 million views. One three-part video series of a bathroom renovation project by an Australian TikTok user got a total of 3.5m views.


Gardens were next with just under 22m views, then laundry rooms with 21.3m, with bedrooms at 11.7m being beaten by basements at 15.1m. Living rooms were well down the ranking with just under 320,000 views.


In total, #homerenovations attracted


Compusoft signs merger deal with 2020


a total of 1.4 billion views on TikTok. Commenting on the findings of the


survey, Salman Haqqi, a personal finance expert at money.co.uk, said: “Renovating your home can be a really exciting time, as it’s an opportunity to create a fresh new space without the hassle of having to move. However, it’s important to remember that most standard home insurance policies will not cover major renovation works, because there is an increased chance of something going wrong and you


needing to make a claim.


“Most renovation projects will need separate cover for damage to buildings and contents, theft of your contents and building materials and personal accidents. It’s always worth reaching out to your existing home insurance provider to see if they can cover the work before it starts.


“If not, you should consider taking out a specialist home renovation insurance policy to cover you in case the worst were to happen.”


Blum sales up despite supply chain challenges that hit delivery times


BLUM HAS reported a 25% increase in turnover despite supply chain challenges that have forced it to extend its delivery times by an average of two weeks.


The family-owned fittings company based in Hoechst, Austria, explained in an online press conference that these positive results were achieved against a backdrop of supply chain delays, increases in raw materials costs and the upsurge in consumer demand that followed the Covid lockdown last year.


Answering a question put to him by


kbbreview during the live event, joint managing director Philipp Blum said: “We would like to do more but delivery times have had to be lengthened by on average two weeks. We have achieved growth of 25% but it has been very challenging due to external factors we cannot influence.” He added: “It helps that we have suppliers that are very close by and we have on-site warehousing. We source very few parts from Asia, but we do need the raw materials.” Despite the supply chain challenges, Blum managed to increase sales in the financial year to June 2021 by 24.7%


(€470 million) to €2.38 billion (£2.03bn). At the year end, Blum employed 8,778 people worldwide, with 371 new employees recruited at its Vorarlberg HQ. The company also took on 93 new apprentices. The company invested €259m to expand its buildings, machinery and facilities. It will expand its Bregenz plant with 49,000sq m of extra space this summer, while the Gaissau plant will get a 20,000sq m extension by mid-2023.


The company said it believed that continuous investment in innovations and services – like Blum Connects hybrid event it ran to mark Interzum – is what will safeguard its future success. Looking ahead, joint MDs Philipp and Martin Blum said they believed that international supply chains will remain “severely impacted” for some time to come.


Philipp Blum said: “We hope that the high vaccination rate will avert the need for further lockdowns. We’ve benefited from the experiences that we as a company have gained over the last one-and-a-half years. Digital technologies offer many opportunities, but they’ve also shown us that you cannot replace face-to- face conversations.”


August 2021 ·


COMPUSOFT AND 2020 have struck a deal that will see the two software companies merge together to create a “leading provider of space planning and manu facturing solutions for the residential and commercial segments”.


In a joint statement, Genstar Capital


and TA Associates – the parent companies of 2020 and Compusoft respectively – announced that the brands will be combined in a “merger of equals” to create a leading provider of space planning and manufacturing solutions for the residential and commercial segments.


Compusoft is a portfolio company of


TA Associates, a global growth private equity firm that invested in Compusoft in 2018. 2020 is a portfolio company of Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials and software industries that recently acquired 2020. The newly-combined company will be majority owned by Genstar and TA. Commenting on the deal, 2020 chief executive Mark Stoever said: “The merger positions the combined company as a trusted provider whose suite of solutions supports designers, manufacturers and retailers. This is a transformative transaction and the support from Genstar and TA will enable us to invest in the business, new technologies and our people. We look forward to completing the transaction so we can continue to build on our companies’ unwavering commitment to innovation and customer service.” David Tombre, chief executive of Compusoft, said: “We are excited by the opportunity this combination presents to create a leading provider of vCPQ solutions for home and commercial spaces. “Given Compusoft’s presence in Europe and 2020’s presence in North and South America, the two businesses are truly complementary. Our priority remains our customers’ success and together we will provide an enhanced offering across support, content, innovation and technology.”


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