Lagercrantz acquires Thermod

Lagercrantz Group has today acquired all shares outstanding in Swedish company
Thermod AB and Polish company Ampol Serwis Sp.zo.o., with the wholly-owned
subsidiary Thermod Polska Sp.zo.o. (Thermod).

Thermod develops, manufactures and sells niched doors in fibreglass-reinforced
plastic material laminate with long life and high quality for cooling and
freezing rooms or environments in humid and hygiene-sensitive areas with
stringent requirements. Sales are divided on Sweden (60%), Poland (30%) and
other countries in Northern Europe (10%). Most customers are found in the food
processing industry, in the food retail trade and among institutional kitchens
as well as in hospitals, indoor swimming pools and the like. Thermod has total
annual sales of over MSEK 55 with good profitability.

“Thermod is a product company with a leading position in its niche in Sweden and
has a strong position in Poland. The business has for several years displayed
strong development and as owners it is our intention to continue to focus on
special doors in the Nordic Region and Poland. Thermod is the fifth niched
product company in the building of our new division Niche Products”, says Jörgen
Wigh, President & CEO of Lagercrantz Group, in a comment.

Thermod will become a part of Lagercrantz Group’s division Niche Products from
August 2012. The acquisition is expected to generate a small contribution to
consolidated earnings per share on an annual basis.

Stockholm, 1 August 2012

Lagercrantz Group AB (publ)



For further information, contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, telephone +46-8-700 66 70.
Magnus Söderlind, Executive Vice President with responsibility for acquisitions,
Lagercrantz Group AB, telephone +46-8-700 66 80.

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 at 11:55
a.m.,1 August, 2012.

LAGERCRANTZ GROUP IN BRIEF
Lagercrantz is a technology group in the areas of electronics, electricity,
communication and related fields. The Group’s companies deliver all its
specialised products and solutions to other companies (B2B) and several of the
companies are world-leaders in their respective niches. Lagercrantz is active in
eight countries in Northern Europe and in China. The Group has about 800
employees and revenue of approximately SEK 2,300m. The Company’s shares are
listed on NASDAQ OMX Stockholm since 2001.
   The business is organised in four divisions. Division Electronics offers
special products in embedded electronics, industrial wireless communication,
RFID and lighting control. Division Mechatronics offers electric connections
systems, electric installation materials, electric and electro-mechanical
components and cabling. Division Communications offers products, systems,
services and support in network access, digital image transmission/technical
security, and software. Division Niche Products is the Group’s new division from
April 2012. Here a number of interesting market positions will be built up
primarily by acquiring profitable companies in interesting niches and with a
large element of proprietary products.