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Lagercrantz acquires Dooman Teknik AB

2015-02-20 12:30
Regulatory

Today Lagercrantz Group has acquired all shares in the Swedish company Dooman Teknik AB.

Dooman offers products in the field of home adaptations for disabled people with garage modules for disability vehicles as a main product. The customers mainly consist of Swedish municipalities. Dooman generates annual sales of approximately MSEK 25 with good profitability.

“Dooman is an attractive company, which with its products has reached a market-leading position in its niche. Dooman will be the eighth product company in our Niche Products division,” says Jörgen Wigh, President and CEO of Lagercrantz Group.

Dennis Lewrén, former owner of Dooman: “We have been working with technology for disabled people for more than 30 years and have helped to develop many simple and smart solutions. With Lagercrantz, Dooman gets a long-term and financially strong owner.”

Dooman will form part of the Lagercrantz Niche Products division as from February 2015. The acquisition is expected to generate a small positive addition to the Group’s earnings per share on an annual basis.

Stockholm, 20 February 2015

Lagercrantz Group AB (publ)

For further information please contact:

Jörgen Wigh, President and CEO, Lagercrantz Group AB, telephone +46 8 700 6670
Jonas Ahlberg, Vice President Niche Products, Lagercrantz Group AB, telephone +46 8 700 6670
or visit our website www.lagercrantz.com

This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or according to the agreement with NASDAQ Stockholm Exchange. The information was submitted for publication on 20 February 2015 at 12:30.

LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The group is comprised of some 35 companies, each with a focus on a specific sub-market – a niche. A high value-creation is common to all the companies, including a high degree of customisation, support, service and other services. Lagercrantz Group is active in seven countries in Northern Europe, and in China. The Group has approximately 1,100 employees and annual revenue of just over MSEK 2,500. The Company is listed on NASDAQ Stockholm since 2001.