LEAX Group contemplates public listing in 2022

LEAX Group AB (“LEAX” or the “Company”) has previously communicated that the Board of Directors and the Company’s owners are assessing the possibilities for a listing of the Company’s shares. Today, LEAX can announce that the Company plans a public listing of the shares in the Company on Nasdaq Stockholm during the first half of 2022 and that the Company has appointed Danske Bank as financial advisor and Gernandt & Danielsson Advokatbyrå as legal advisor in connection with the listing.

“We already have a listed bond, and a listing of our shares would be a logical next step in our expansion. In recent years, we have established a strong position as a supplier to the premium segment in the global vehicle industry and a listing would further strengthen LEAX,” says Roger Berggren, Chairman of the Board of LEAX Group.

“We see good opportunities for continued growth among both existing and new customers in commercial vehicles, passenger cars and other vehicles and industry. LEAX is well positioned in the structural shift towards electric vehicles and has good opportunities to continue to gain market share through a global presence close to customers and a strong and complex product offering,” says the Company's CEO Tony Nicol.

This disclosure contains information that LEAX Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 09-11-2021 16:00 CET.

Roger Berggren, Chairman of the Board
Telephone: +46 (0)706 55 99 71
E-mail: roger.berggren@leax.com

Tony Nicol, Group President and CEO 
Telephone: +44 (0)755 728 67 67
E-mail: tony.nicol@leax.com

LEAX Group AB (publ) is the parent company of a group (“LEAX Group”) with about 1 100 employees. LEAX has operations in Köping, Falun and Falköping in Sweden, Riga and Rezekne in Latvia, Curitiba in Brazil, Detmold in Germany, Mezökövesd in Hungary and Wuxi in China. The Group is a manufacturer of mechanical components and subsystems for the heavy vehicle industry, passenger car industry, mining and construction industries and other engineering industries. LEAX Group also delivers customized gearboxes for various mechanical engineering industries. The Group had a turnover of SEK 1,5 billion in 2020.