Lagercrantz Group acquires Vendig AB

Lagercrantz Group acquires Vendig AB

 

Lagercrantz Group has today acquired all shares in the Swedish company
Vendig AB.

Vendig is a niche player, which develops, manufactures and sells belt
scrapers and other components for conveyors within the bulk handling
industry in Sweden and the rest of Europe. The customers are found
within the rock-, gravel- and mining industry. Vendig recorded sales in
2010/11 of approximately MSEK 30 with good profitability. The seller of
the company is JNL Utveckling AB.

“Vendig will be an interesting addition to the Lagercrantz group. The
company has a strong market position in its niche and has good prospects
for the future,” says Jörgen Wigh, President and CEO of Lagercrantz
Group.

Sören Bergsten, Managing Director of Vendig: “With Lagercrantz as owner
we gain a financially strong and long-term owner that gives us the
opportunity to develop the company further by broadening our presence in
Sweden and boosting the export of own products in Europe.”

Vendig will be part of Lagercrantz Group's division Mechatronics. The
acquisition is expected to make a small positive contribution to the
Group's earnings per share during the financial year which runs until
the end of March 2012.

Stockholm, 24 November 2011

Lagercrantz Group AB (publ)

For further information, contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, telephone +46 8 700
66 70.