Lagercrantz completes the acquisition of Mastsystem

Lagercrantz has today completed the previously announced acquisition of 100% of the shares of Mastsystem Int'l Oy.

Mastsystem is a market leader with proprietary products in advanced and mobile telescopic field masts, made in composite material. The company’s head quarter is in Joensuu, Finland and was founded 1996. For more information, please visit https://www.mastsystem.com/.

Mastsystem has an annual revenue of approximately MEUR 15 with good profitability.

The acquisition was previously announced 13 September 2024 and has now received regulatory approvals. Mastsystem will be part of Division Electrify as of December 2024. The acquisition is expected to generate a small positive contribution to Lagercrantz Group’s earnings per share.

Stockholm, 20 November 2024

Lagercrantz Group AB (publ)

For further information, please contact:
Jörgen Wigh, President and CEO, Lagercrantz Group AB, phone +46 8 700 66 70,
Peter Baaske, Head of Division Electrify, Lagercrantz Group AB, phone +46 72 245 5411, 
Marcus Käld, CEO, Lagercrantz Holding Oy, phone +358 50 518 59 01, 
or visit our website www.lagercrantz.com

This information was submitted for publication on 20 November 2024 at 12:55 CET.                                                                                                 

LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a Tech Group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The Group consists of some 80 companies, each with a focus on a specific sub-market – a niche. Lagercrantz Group is active in ten countries in Northern Europe as well as in the USA, in China and in India. The Group has approximately 2,900 employees and annual revenues of about MSEK 8,500. The Company is listed on Nasdaq Stockholm since 2001. Read more on www.lagercrantz.com

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