Fouriertransform sells LeanNova Group to ÅF AB
Engineering company LeanNova was started with support from Fouriertransform following the bankruptcy of Saab Automobile in order to preserve and commercialize the unique expertise that exists in Trollhättan, Sweden.
At the start in the beginning of 2012, the company had two employees. This has grown to a headcount of almost 200. LeanNova has successfully established offices in Trollhättan, Gothenburg, Shanghai and Coventry, UK. The company has unique expertise in and capacity for delivering advanced engineering solutions. It has partnered with global customers, primarily in the automotive industry.
“It is very gratifying to see a strong industrial owner getting involved and enabling the continued expansion of the company. LeanNova is an example of our involvement since the start, working with management to establish the company in the global automotive market. ÅF will now bring an industrial structure and stability, which can accelerate LeanNova’s continued development as a leading supplier of engineering solutions in the automotive industry,” says Per Nordberg, CEO of Fouriertransform.
Fouriertransform’s investment in LeanNova and the company’s development have also had a major impact on the ability of Trollhättan to retain its position as a competency cluster for the automotive industry.
LeanNova’s service offering is focused on complete automotive development solutions, for example developing complete systems for new car models. The company has no production capacity of its own, but has access to test labs to conduct tests and essential analysis.
“The investment in LeanNova is entirely in line with our intention of strengthening our presence in the automotive industry. Through its extensive experience in automotive development, LeanNova has quickly built a strong market position, and we see great potential for its continued development. It will be exciting to work on the next phase in cooperation with Tomas Camén and his team,” says Jonas Wiström, CEO of ÅF.
“We are confident as we look forward to our continued expansion with ÅF. The size of ÅF and its extensive expertise will help us further strengthen our service offering for our customers,” says Tomas Camén, CEO of LeanNova.
Further information:
Per Nordberg, CEO Fouriertransform, tel; +46 8 410 40 601
Carl Backman, Investment Director Fouriertransform, tel; +46 31 761 91 42
Mikael Johnsson, Investment Manager Fouriertransform, tel ; +46 31 761 91 46
Jonas Wiström, President and CEO ÅF, tel; +46 70 608 12 20
Tomas Camén, CEO LeanNova, tel; +46 723 700 750
Fouriertransform is a state-owned venture capital company tasked with supporting, on a commercial basis, innovative companies and entrepreneurs who can help revitalize the Swedish manufacturing industry. The company has a total investment framework of SEK 3 billion and, in addition to capital, provides expertise through its highly qualified employees and a network of experts. www.fouriertransform.se