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Acquisition of net assets of Frontwall

2013-06-04 16:30
Regulatory

Lagercrantz Group’s subsidiary Svensk Stålinredning AB has today entered into an agreement to acquire the operations of Frontwall i Anderstorp AB.

Frontwall is a niched player that designs and delivers store fixtures such as so-called shop-in-shop solutions and product displays. Customers are typically product suppliers, who want to present their products in an easily accessible and selling way with retailers. Frontwall is a long-time customer of Svensk Stålinredning. During 2012 Frontwall had sales of more than MSEK 30.

“With this acquisition we are creating a very powerful team that will allow us to offer existing and new customers a better and broader product range than before”, comments Håkan Söderberg, President of Svensk Stålinredning AB.

Michael Johansson, the founder and owner of Frontwall: “Svensk Stålinredning has been a supplier to Frontwall for 20 years. We have enjoyed a fantastic collaboration all these years. This transaction will allow us to offer better products to new and old customers.

Frontwall will be a part of Svensk Stålinredning in Lagercrantz Group’s division Niche Products from June 2013. The acquisition is expected to provide a marginal contribution to the Group’s earnings per share on an annual basis.

Stockholm, 4 June 2013

Lagercrantz Group AB (publ)

For additional information, contact:

Jörgen Wigh, President and CEO, Lagercrantz Group AB, telephone +46 8 700 6670
Jonas Ahlberg, Division Manager, Niche Products, Lagercrantz Group AB, telephone +46 70 6670

This information is being published in accordance with the Act on Trading in Financial Instruments or the regulations of NASDAQ OMX Stockholm. The information herein was provided for publication at 4:30 p.m., 4 June 2013.

LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology group in electronics, electricity, communication and adjacent areas. The Group’s companies all deliver specialized products and solutions to other companies (B2B) and several of the companies are market leaders in their niche. Lagercrantz Group is active in eight countries in Northern Europe, and in China. The Group has approximately 950 employees and annual revenue of approximately MSEK 2,400. The Company is listed on NASDAQ OMX Stockholm since 2001.
   Operations are organized in four divisions. Division Electronics offers specialized products in the field of embedded electronics, industrial wireless communication, RFID and lighting control. Division Mechatronics offers electrical connection systems, electrical installation material, electrical and electro-mechanical products and cabling products. Division Communications offers product, systems, services and support in the area of network access, digital image transmission/technical security, and software. Division Niche Products is the Group’s new division formed in April 2012. Here, a number of interesting market positions will be built by, in the first instance, acquisition of profitable companies with a strong market position in interesting niches and offering a wide variety of proprietary products.