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Lagercrantz Group — M&A Activity 2013
Dec 27, 2013
2936_rns_2013-12-27_e5baeade-5594-4fa3-9c19-0c35ffa2ec56.pdf
M&A Activity
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PRESS INFORMATION
Lagercrantz finalizes the acquisition of El-produkter in Norway
As announced 3 December 2013, Lagercrantz Group entered into an agreement to acquire all shares outstanding in Norwegian company El-produkterAS.
The acquisition of El-produkter has today closed, after obtaining approval from the Norwegian competition authority (Konkurransetilsynet). The company has aggregate annual sales of approx. MNOK 50 and will be part of Lagercrantz Group's division Electronics.
Lagercrantz Group has during the period December 2012 up to and including December 2013 acquired four companies with an annual turnover of approx. MSEK 240 with good profitability:
- ElkapslingAB (division Mechatronics)
- Frontwall (asset deal to Sv. StålinredningAB in division Niche Products)
- Asept International AB (division Niche Products)
- El-produkterAS (division Electronics)
Stockholm 27 December 2013
Lagercrantz Group AB (publ)
For additional information, contact:
Jörgen Wigh, President & CEO, Lagercrantz GroupAB, telephone +46 70 569 5477 Ulf Gladh, Vice President Electronics, Lagercrantz GroupAB, telephone +46 70 673 0727
This information is being published in accordancewith the Securities Markets Act, the Act on Trading in Financial Instruments or the regulations of NASDAQOMXStockholm. The information hereinwas provided for publication at 14:15, 27December 2013.
LAGERCRANTZGROUPINBRIEF
Lagercrantz Group is a technology group that offers world-leading, value-creating technology, using either proprietary products or products fromleading suppliers. The group is comprised of more than 30 companies, eachwith a focus on a specific sub-market – a niche.Ahigh value-creation is common to all the subsidiaries, including a high degree of customisation, support, service and other services.
Lagercrantz Group is active in seven countries inNorthern Europe, and inChina. TheGroup has approximately 1000 employees and annual revenue of approximately MSEK2,500. The Company is listed onNASDAQOMXStockholmsince 2001.