Storskogen acquires automation company LNS and expands its footprint in DACH
Storskogen Group AB (publ) (“Storskogen” or “the Group”) has on 27 December 2021 signed an agreement to acquire 100% of the shares in LNS Holding SA (“LNS” or “LNS Group”), a global market leader within automation peripherals and services based in Orvin, Switzerland. The acquisition will strengthen Storskogen’s position within automation as well as its footprint in the DACH region, further accelerating the Group’s international expansion. The purchase price amounts to CHF 185 million on a cash -and debt free basis and will be financed with existing funds. LNS has over 950 FTEs and reported