Lagercrantz acquires Landauer Nordic
Lagercrantz Group has acquired all shares in the Swedish company Landauer Nordic AB.
Landauer Nordic develops and sells products and services for radon monitoring. The company’s products are mainly sold via resellers and distributors of monitoring products and monitoring services. The company's head office is in Uppsala and it has a subsidiary in Chicago, USA. Landauer Nordic generates annual sales of about MSEK 40 with good profitability.
“At Lagercrantz, we want to build businesses with leading market positions in attractive niches. Landauer Nordic is one of the leading players in its niche in the Nordic region and in the USA. The business has displayed a stable and good performance for several years and the company will be another strong unit in the Communications division with its focus on control technology,” says Jörgen Wigh, President & CEO of Lagercrantz Group.
Karl Nilsson, CEO of Landauer Nordic: “We have been working with radon monitoring for a long time. Our proprietary products and quality focus is highly regarded by customers all over the world. With Lagercrantz, Landauer Nordic will get good opportunities to develop in order to meet our customers’ future needs.”
Landauer Nordic forms part of the Lagercrantz Communications division as from September 2015. The acquisition is expected to generate a small positive addition to the Group’s earnings per share on an annual basis. The seller of the company is Landauer Inc, USA, listed on the New York Stock Exchange (NYSE:LDR).
Stockholm, 30 September 2015
Lagercrantz Group AB (publ)
For further information please contact:
Jörgen Wigh, President and CEO, Lagercrantz Group AB, telephone +46 8 700 6670
Magnus Söderlind Executive Vice President and Head of Business Development, Lagercrantz Group AB, telephone +46 8 700 66 80
or visit our website 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 Stockholm Exchange. The information was submitted for publication on 30 September 2015 at 17:50.
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 some 40 companies, each with a focus on a specific sub-market – a niche. A high value-creation is common to all the companies, including a high degree of customization, support, service and other services.
Lagercrantz is active in seven countries in Northern Europe, in China and in the USA. The Group has approximately 1,200 employees and annual revenue of approximately MSEK 3,000. The Company is listed on Nasdaq Stockholm since 2001.
Tags: