ÅF acquires electronical engineering company LBP in Switzerland
The acquisition of LBP increases ÅF’s presence in Switzerland and strengthens the infrastructure offer.
LBP is specialized in electrical engineering for traffic infrastructure with focus on roads and tunnels. Services include project planning and construction management of electromechanical systems, mainly in the field of high-performance roads throughout Switzerland. LBP is also specialized in all aspects of tunnel safety.
”We look forward to welcoming LBP to ÅF, and to increasing our joint capacity for commitments within traffic infrastructure. The acquisition is in line with our strategy to grow in Switzerland - one of our core markets, and to increase customer value through cross-functional competence”, says Jonas Gustavsson, President and CEO of ÅF.
”Together with ÅF we will continue develop our solutions and we look forward to offering our customers a broader range of services. For our employees, the acquisition brings increased opportunities in terms of interesting projects and continuous competence development,” says Urs Lenz, CEO of LBP.
LBP has 17 employees based in Switzerland and net sales of approximately 24 MSEK in 2017. The company was consolidated in ÅF as per July 2018.
ÅF AB (publ)
For further information:
Mats Påhlsson, EVP and Head of Division Infrastructure +46 10 505 10 45
Marta Tiberg, Director Communications +46 73 072 70 48
ÅF AB (publ), Frösundaleden 2, SE-169 99 Stockholm
Telefon +46 10 505 00 00, säte i Stockholm, www.afconsult.com
Organisationsnr 556120-6474, momsreg.nr SE556120647401
ÅF is an engineering and design company within the fields of energy, industry and infrastructure. We create sustainable solutions for the next generation through talented people and technology. We are based in Europe and our business and clients are found all over the world.
ÅF – Making Future.