Lagercrantz acquires Load Indicator AB
Today Lagercrantz Group has acquired all shares in the Swedish company Load Indicator AB.
Load Indicator is a niche company that for over 30 years has designed and manufactured high quality load cells, force sensors and torque sensors for measuring applications to Swedish manufacturing industry. The company has its operations in Hisings Backa and generates total annual sales of approximately SEK 30 million with good profitability.
"Load Indicator is a company with a leading position in its market niche in Sweden. The business has for several years displayed a stable performance and has been developing well. The company will become a new, strong and independent unit within the Communications division", says Jörgen Wigh, President and CEO of Lagercrantz Group.
Bo Alexén, CEO of Load Indicator: "With Lagercrantz as owner, we get a long-term owner that shares our view of the company's potential as well as our values. With Lagercrantz as owner I feel very confident for the future. "
Load Indicator will form part of the Lagercrantz Communications division as from August 2014. The acquisition is expected to generate a small positive addition to the Group's earnings per share on an annual basis.
Stockholm, 26 August 2014
Lagercrantz Group AB (publ)
For additional information, please contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, telephone +46 8 700 66 70
Per Ikov, Vice President Communications, Lagercrantz Group, telephone +45 25 478 411
or the company website at www.lagercrantz.com
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or according to the agreement with NASDAQ OMX Stockholm Exchange. The information was submitted for publication on 26 August 2014 at 11:50 am.
LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The group is comprised of more than 30 companies, each with a focus on a specific sub-market – a niche. A high 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 in Northern Europe, and in China. The Group has approximately 1000 employees and annual revenue of approximately MSEK 2,500. The Company is listed on NASDAQ OMX Stockholm since 2001.