Lagercrantz acquires Tormek AB

Lagercrantz Group has today acquired the Swedish company Tormek AB. Tormek is a leader within sharpening systems for edge tools such as knives, chisels as well as tools for woodcarving and woodturning. The customers are mainly craftsmen and others who work with wood. The company’s products are sold in about 40 countries, with the USA, Germany and Sweden as the largest markets. Tormek’s operations are based in Lindesberg and it generates annual revenue of about MSEK 90 with good profitability. Karin Jansson, principal owner: “The company has been modernised in a number of respects in