Source: Lagercrantz Group AB
Today Lagercrantz Group has acquired all shares in the Swedish company Load
Load Indicator is a niche company that for over 30 years has designed and
manufactured high quality load cells, force sensors and torque sensors for
measuring applications to Swedish manufacturing industry. The company has its
operations in Hisings Backa and generates total annual sales of approximately
SEK 30 million with good profitability.
"Load Indicator is a company with a leading position in its market niche in
Sweden. The business has for several years displayed a stable performance and
has been developing well. The company will become a new, strong and independent
unit within the Communications division", says Jörgen Wigh, President and CEO of
Bo Alexén, CEO of Load Indicator: "With Lagercrantz as owner, we get a long-term
owner that shares our view of the company's potential as well as our values.
With Lagercrantz as owner I feel very confident for the future. "
Load Indicator will form part of the Lagercrantz Communications division as from
August 2014. The acquisition is expected to generate a small positive addition
to the Group's earnings per share on an annual basis.
Stockholm, 26 August 2014
Lagercrantz Group AB (publ)
For additional information, please contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, telephone +46 8 700 66 70
Per Ikov, Vice President Communications, Lagercrantz Group, telephone +45 25 478
or the company website at www.lagercrantz.com
This information is disclosed in accordance with the Securities Markets Act, the
Financial Instruments Trading Act or according to the agreement with NASDAQ OMX
Stockholm Exchange. The information was submitted for publication on 26 August
2014 at 11:50 am.
LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology group that offers world-leading, value
-creating technology, using either proprietary products or products from leading
suppliers. The group is comprised of more than 30 companies, each with a focus
on a specific sub-market – a niche. A high value-creation is common to all the
subsidiaries, including a high degree of customisation, support, service and
Lagercrantz Group is active in seven countries in Northern Europe, and in
China. The Group has approximately 1000 employees and annual revenue of
approximately MSEK 2,500. The Company is listed on NASDAQ OMX Stockholm since