Dec 11 2012
Lagercrantz Group has today acquired all outstanding shares in the Swedish company Elkapsling AB.
Elkapsling develops, produces and sells enclosures which are used to protect electrical and telecom installations with high demand on e.g. endurance and tightness. Customers are found mainly among the Swedish installation companies, cabinet suppliers, electric wholesalers and OEM. Elkapsling has aggregate annual sales of approx. MSEK 85 with good profitability.
”Elkapsling is a product company with a leading position in its niche in Sweden. The operation has during several years shown strong development and as new owner our intention is to develop the company further based on the present strong platform” says Jörgen Wigh, President and CEO of Lagercrantz Group.
Leif Viklund, President and partner of Elkapsling: ”With Lagercrantz as owner we get a long term and strong owner who shares our vision of the company’s possibilities and our values. With Lagercrantz as owner I have confidence in the future.”
Elkapsling will be part of Lagercrantz’ division Mechatronics from December 2012. The acquisition is expected to generate a small positive contribution to consolidated earnings per share on an annual basis.
Source: http://www.lagercrantz.com/