Lagercrantz completes the acquisition of Van Leeuwen Test Group
Lagercrantz has today completed the previously announced acquisition of 100% of the shares in Van Leeuwen Test Group BV.
Van Leeuwen Test Group (VLT) provides testing equipment primarily for heavy vehicles and is particularly known for its robust brake testers and software for vehicle testing facilities. The company is headquartered in Etten-Leur, Netherlands, and has an annual turnover of approximately EUR 20 million with a good profitability. For more information about VLT, visit https://www.vltest.com
The acquisition was announced on December 20, 2024, and has now received the necessary regulatory approvals. VLT will be part of the Niche Products division starting in February 2025. The acquisition is expected to generate a marginally positive contribution to Lagercrantz’s earnings per share.
Stockholm, 20 February 2025
Lagercrantz Group AB (publ)
For further information, please contact:
Jörgen Wigh, President and CEO, Lagercrantz Group AB, phone +46 8 700 66 70,
Jonas Ahlberg, EVP and Head of M&A, Lagercrantz Group AB, phone +46 76 790 4400,
Magnus Nilsson, Head of Division Niche Products, Lagercrantz Group AB, phone +46 70 961 15 86
or visit our website. www.lagercrantz.com
This information was submitted for publication on 20 February 2025 at. 17:15 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 3,000 employees and annual revenues of about MSEK 9,000. The Company is listed on Nasdaq Stockholm since 2001. Read more on www.lagercrantz.com
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