Lesjöfors divests S&P Federnwerk GmbH
Lesjöfors has today entered into an agreement to divest 100 percent of its shares in S&P Federnwerk GmbH.S&P Federnwerk GmbH is a German spring manufacturer whose customers are mainly active in the automotive and agricultural industries. The company has been part of Lesjöfors since 2013 and generated sales of approximately MSEK 110 in 2020 with about 60 employees. The decision to divest S&P was made following an evaluation of various strategic alternatives for the company, as its profitability has been unsatisfactory for Lesjöfors. In connection with the divestment, a non-cash impairment