Lagercrantz Group — M&A Activity 2012

Dec 10, 2012

PRESS INFORMATION

Lagercrantz acquires Elkapsling AB

Lagercrantz Group has today acquired all outstanding shares in the Swedish company ElkapslingAB.

Elkapsling develops, produces and sells enclosures which are used to protect electrical and telecom installations with high demand on e.g. endurance and tightness. Customers are found mainly among the Swedish installation companies, cabinet suppliers, electric wholesalers and OEM. Elkapsling has aggregate annual sales of approx. MSEK 85 with good profitability.

"Elkapsling is a product company with a leading position in its niche in Sweden. The operation has during several years shown strong development and as new owner our intention is to develop the company further based on the present strong platform" says Jörgen Wigh, President and CEO of Lagercrantz Group.

Leif Viklund, President and partner of Elkapsling: "With Lagercrantz as owner we get a long term and strong owner who shares our vision of the company's possibilities and our values. With Lagercrantz as owner I have confidence in the future."

Elkapsling will be part of Lagercrantz' division Mechatronics from December 2012. The acquisition is expected to generate a small positive contribution to consolidated earnings per share on an annual basis.

Stockholm 10 December 2012

Lagercrantz Group AB (publ)

For additional information, contact:

Jörgen Wigh, President & CEO, Lagercrantz GroupAB, telephone +46 8 700 6670 Magnus Söderlind, Executive Vice President with responsibility for acquisitions, Lagercrantz GroupAB, telephone +46 8 700 6680.

This information is disclosed in accordancewith the Securities Markets Act, the Financial Instruments Trading Act or according to the agreement withNASDAQOMXStockholm Exchange. The informationwas submitted for publication on 10December 2012 at 14:00.

LAGERCRANTZGROUPINBRIEF

Lagercrantz is a technology group in the areas of electronics, electricity, communication and related fields. TheGroup's companies deliver all its specialised products and solutions to other companies (B2B) and several of the companies areworld-leaders in their respective niches. Lagercrantz is active in eight countries inNorthern Europe and inChina. TheGroup has about 900 employees and revenue of approximately SEK2,300m. TheCompany's shares are listed onNASDAQOMXStockholmsince 2001.

The business is organised in four divisions. Division Electronics offers special products in embedded electronics, industrialwireless communication, RFIDand lighting control. Division Mechatronics offers electric connections systems, electric installation materials, electric and electro-mechanical components and cabling. DivisionCommunications offers products, systems, services and support in network access, digital image transmission/technical security, and software. DivisionNiche Products is theGroup's new division fromApril 2012. Here a number of interesting market positions will be built up primarily by acquiring profitable companies in interesting niches andwith a large element of proprietary products.