Lagercrantz sells software business

2016-02-25 14:05

Regulatory

Lagercrantz Group has today sold 100% of the shares in the wholly owned Danish company Betech Data A/S (Betech) to Future Group Oy.

Betech is a distributor primarily in Denmark and Norway of software for CAD/CAM applications. Together with Future Group, which conducts similar operations in primarily Sweden and Finland, a strong Nordic player is created.

Betech has been part of Lagercrantz Group's division Communications until January 2016. The deal reduces turnover of Lagercrantz Group, with approximately DKK 180m on an annual basis, but is not expected to affect the Group's earnings per share.

Stockholm, 25 February 2016

Lagercrantz Group AB (publ)

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 25 February 2016 at 14:05.

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 40 companies, each with a focus on a specific sub-market – a niche. A high value-creation is common to all the subsidiaries, including a high degree of customisation, support, service and other services.
Lagercrantz Group is active in seven countries in Northern Europe, in China and in the USA. The Group has approximately 1,200 employees and annual revenue of around MSEK 3,000. The Company is listed on Nasdaq Stockholm since 2001.

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