TecSec
The technical security area is growing in line with the development of society with increased care for people and critical societal functions and equipment. The TecSec Division focuses on businesses that contribute to this societal development and it is expected that these needs will continue increasing, which implies growth opportunities both organically and through acquisitions. Our ambition is to contribute to a safer and more sustainable society in this way.
About the division
The TecSec division consists of twelve companies. Most of the companies are leaders in their niche of technical security products, either through proprietary products, or as a value-adding distributor or as a system integrator. The division's growth is driven by the pursuit of increased security in society as well as a vision zero approach in relation to, among other things, occupational and traffic accidents, which is driving investments in preventive technical safety solutions.
The division’s customer segments include public authorities and specifically critical societal functions, companies, logistics, healthcare, building and construction as well as offshore. Important technology areas are active and passive fire protection, mechanical protection such as locking devices, fences and security doors, security solutions that prevent accidents and technical security systems for buildings and infrastructure where digital systems and sensors are used to protect businesses and individuals.
About the businesses
The companies in the division all have unique positions within their specific markets, Some of the businesses are described here below.
Since June 2022, the Group's largest company, Danish PcP Corporation, is part of the division. The company is a leading northern European manufacturer of innovative safety products based on gratings and other niche steel products. The company operates in 30 markets and has wholly-owned subsidiaries in Norway, Sweden, the Netherlands, Belgium, Germany and the United Kingdom. PcP has a turnover of nearly 600 MSEK with good profitability.
In the division, there are several companies specialised in security and surveillance. ISG Nordic is specialised in integrated security solutions for complex needs for monitoring, control and management within infrastructure, security and industry. COBS is a leading company in Sweden within alarm solutions, telephony and message handling systems for wireless communication, with security and safety in focus. STV is a leading provider in Sweden of systems for physical, digital and hybrid meetings for the modern office and business-related audio-visual systems. Idesco is market-leading in RFID solutions within access control. The flexible and cost-efficient systems are used in various kinds of access-, vehicle identification and logistics applications around the world. Danish ARAS Security A/S is a distributor and system developer specializing in combined access control systems and burglar alarms, smart buildings and digitalisation. The company's offerings are based on the open and modular NOX system, for which ARAS has exclusive distribution rights in the Nordic market. Together, the five companies within security and surveillance generate an annual revenue of approximately MSEK 450.
One of the division's largest companies is R-CON, a leading company within fire safety and protection, focusing on construction, manufacturing and sales of sprinkler pumps. The company generates an annual revenue of approximately 240 MSEK. R-CON made a supplementary acquisition of Alf Bjurenwall AB during 2017/18. Suomen Diesel Voima, SDV, is one of the newest members of the TecSec Divison. From its base in Finland they focus to serve the Nordic fire safety and protection market with their offering of solutions, services for generating sets and fire pumps as well as special projects working both with end-customers and partners. SDV has yearly turnover of more than 90 MSEK..
In July 2022, Lagercrantz Group acquired British company Door and Joinery Solutions, which manufactures high-quality and customised fire-resistant doors, screens, and frames. The products are largely sold through facility management companies and constructors and the company has a turnover of approximately 55 MSEK with good profitability. Fireco, a British company acquired in April 2023 with a turnover of approximately 90 MSEK is active in the Fire Safety market mainly in UK. The company focuses on fire door hardware with a complementary service portfolio, and they sell mainly through larger wholesalers and distributors but also directly to fire door manufacturers, nursing homes, schools, and hospitals.
CWL Group is a product leader within safety products for roofs and facades. While Sweden is the company’s main market, CWL Group is also pursuing international expansion in Europe and is currently established in both Norway and Poland. The company has shown stable growth during many years and has an annual revenue of approximately 240 MSEK.
The division’s most niche-focused business is Frictape, which is a world leader in safety equipment for helidecks. Landing and safety nets, so-called perimeter nets, as well as lighting are the most important products that provide safety on helidecks and ships at sea. The business generates annual revenue of approximately MSEK 55, has good profitability and significant worldwide exports.
In July 2024, Lagercrantz Group acquired British company Principal Doorsets, which manufactures high-quality and bespoke fire-certified doors. The products are largely sold to end customers within Healthcare and High End Residential. The company has a turnover of more than 125 MSEK with good profitability.
