Lagercrantz finalizes the acquisition of El-produkter in Norway

As announced 3 December 2013, Lagercrantz Group entered into an agreement to acquire all shares outstanding in Norwegian company El-produkter AS. The acquisition of El-produkter has today closed, after obtaining approval from the Norwegian competition authority (Konkurransetilsynet). The company has aggregate annual sales of approx. MNOK 50 and will be part of Lagercrantz Group’s division Electronics. Lagercrantz Group has during the period December 2012 up to and including December 2013 acquired four companies with an annual turnover of approx. MSEK 240 with good profitability: ·