Lagercrantz Group acquires Unitronic AG in Germany

Lagercrantz Group acquires Unitronic AG in Germany Lagercrantz Group AB has concluded an agreement to acquire all outstanding shares in Unitronic AG, Düsseldorf, Germany. Unitronic AG is a niched electronics supplier of special components and modules. The company concentrates on the expanding areas of industrial communication and special sensors. Unitronic AG has 28 employees and has sales of about MSEK 130. Unitronic's head office is located in Düsseldorf and the company is active in the entire German market via branch offices. Lagercrantz will take possession of 51 percent of the shares in Unitronic AG September 1, 2002 and possession will be taken of the remaining shares during 2003. The acquisition of Unitronic is an important element of Lagercrantz's ambition to become a more international electronics and communications company. Jan Friis, President and CEO of Lagercrantz Group, says in a comment: "Unitronic is a strategic acquisition for Lagercrantz Group and the right start to expand its reach in Europe. Unitronic's focus on special components and modules is a close fit with the Lagercrantz Group's sharper focus on industrial communication. I have great confidence in Unitronic's management and personnel and I am convinced that together we will succeed in further building Unitronic's already strong market position." Rudolf Breiden, President (Vorstand) of Unitronic AG comments as follows: "Together with Lagercrantz Group we will be a very strong player. We will be able to attract new, interesting customers and suppliers. Lagercrantz Group's network will further strengthen our opportunities for growth." The acquisition is expected to have a positive impact on Lagercrantz Group's earnings already during the current financial year. Stockholm, June 10, 2002 Lagercrantz Group AB (publ) For further information, contact: Jan Friis, President and CEO, Lagercrantz Group AB or Mattias Sonnenfeld, Executive Vice President, Lagercrantz Group AB Telephone +46-8-700 66 70 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/06/10/20020610BIT00040/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/10/20020610BIT00040/wkr0002.pdf