Lagercrantz Group has today acquired all outstanding shares in the Swedish company Elkapsling AB. Elkapsling develops, produces and sells enclosures which are used to protect electrical and telecom installations with high demand on e.g. endurance and tightness. Customers are found mainly among the Swedish installation companies, cabinet suppliers, electric wholesalers and OEM. Elkapsling has aggregate annual sales of approx. MSEK 85 with good profitability. ”Elkapsling is a product company with a leading position in its niche in Sweden. The operation has during several years shown strong development and as new owner our intention is to develop the company further based on the present strong platform” says Jörgen Wigh, President and CEO of Lagercrantz Group. Leif Viklund, President and partner of Elkapsling: ”With Lagercrantz as owner we get a long term and strong owner who shares our vision of the company’s possibilities and our values. With Lagercrantz as owner I have confidence in the future.” Elkapsling will be part of Lagercrantz’ division Mechatronics from December 2012. The acquisition is expected to generate a small positive contribution to consolidated earnings per share on an annual basis. Stockholm 10 December 2012 Lagercrantz Group AB (publ) For additional information, contact: Jörgen Wigh, President & CEO, Lagercrantz Group AB, telephone +46 8 700 6670 Magnus Söderlind, Executive Vice President with responsibility for acquisitions, Lagercrantz Group AB, telephone +46 8 700 6680. 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 10 December 2012 at 14:00. 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 900 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.
Lagercrantz acquires Elkapsling AB
| Source: Lagercrantz Group AB