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International

International key figures 2023/24

 

The International division is taking Lagercrantz’s successful business concept, involving acquisitions and decentralised management of niche technology companies, and exporting it. Most of Lagercrantz’s businesses in Denmark, Norway, Germany, Poland and the UK are part of the division, which also supports other areas of the Group as a sales channel in their export ambitions.

About the division
The division consists of 16 specialised businesses with niche customer offerings for their specific markets. The customers are found for example in shipyards, railways, power distribution and the machinery industry. Manufacturers of hearing aids and wind turbines are also important customers. The International division prioritises acquisitions of product companies but should also grow organically.

In recent years, the division has acquired many companies with similar products. Some examples are Denmark-based ISIC, which acquired AC Antennas, the Norwegian company Libra and Tebul in Finland, which together form a cluster of marine product companies. Another important product company is Schmitztechnik in Germany, which offers special components, such as rubber bushings, gaskets and membranes for industrial customers. Several of the companies have come a long way in terms of their environmental awareness and offer sustainable solutions that contribute to positive environmental impacts.

About the businesses
The companies in the division all have unique positions within their specific markets, Some of the businesses are described here below.

Danish company ISIC is a leading developer and manufacturer within marine electronics with monitors and navigation equipment. The customers are system suppliers with strict demands for durability in exposed environments. ISIC’s products are developed inhouse under the company’s own management based on customer-specific needs and meet the highest level of required standards. In August 2021, the company acquired Danish AC Antennas which is a leader in antennas for use primarily in the marine market. ISIC generate an annual revenue of approximately MSEK 150. Schmitztechnik is a leader in several segments and develops innovative and customised industrial rubber products for the manufacturing and automotive industry with Germany as its largest market. The company generates annual revenue of almost MSEK 80 with good profitability. In December 2023, DP Seals, a company specialising in the development and manufacturing of rubber seals with intricate geometries for high specification applications such as aviation and underwater systems, was acquired. The company generates annual revenue of MSEK 60. The company G9 designs and produces products for park and urban environments and creates sustainable landscape architecture with a focus on environmentally assessed, sustainable materials. G9 generates annual revenue of MSEK 60.  

ACTE Denmark is the leading supplier of electronics to the world-leading Danish hearing aid industry. The company has also achieved success with the new cable duct systems that are used in the expansion and upgrading of railway infrastructure. The products are manufactured in recycled plastic and have large positive environmental effects as they replace the concrete products that have traditionally been used. Unitronic is a leading distributor of electronics and advanced electrification products in the German market and is a leader in sensors for detecting greenhouse gases and analysis of air quality. The company supplies, among other things, key components to manufacturers of machines for analysis of exhaled air, which are used to detect Covid-19 and a number of lung diseases at an early stage in patients. Together the ACTE companies and Unitronic generate annual sales of approximately MSEK 400.

The division also includes Danish NST, which is a leader in electrical and lighting products for building and construction projects. Skomø is active in the development and production of graphic custom-designed imaging materials and Glova Rail is a leading supplier of vacuum toilets for railway vehicles. English company E-tech Components is a specialist in cable accessories for demanding applications. These companies, like others in the division, are heavily niche-focused with a strong position in their respective markets.