Lagercrantz Group acquires Vanpée & Westerberg A/S

Lagercrantz Group acquires Vanpée & Westerberg A/S

Lagercrantz Group has today acquired all shares in the Danish company
Vanpée & Westerberg A/S.

Vanpée & Westerberg A/S is a value-creating distributor of electric
products within lighting automation and over-voltage protection. The
company offers a niche line of products combined with high technical
competence. Vanpée & Westerberg A/S had sales 2009/10 of MDKK 30 with
good profitability.

"Vanpée & Westerberg is an interesting addition to Lagercrantz. The
company has a strong market position in its niche in Denmark and has
good prospects for continued progress and development” says Jörgen Wigh,
President and CEO of Lagercrantz Group.

Lars Haslund Neerskov, MD of Vanpée & Westerberg A/S: “With Lagercrantz
as owner, Vanpée & Westerberg gets a long-term owner which provides
opportunities for growth and further expansion.”

Vanpée & Westerberg will be part of Lagercrantz' division Electronics.
The acquisition is expected to provide a small, positive contribution to
earnings per share during the 2010/11 financial year, ending in March
2011.  

Lagercrantz has during 2010/11 so far acquired businesses with yearly
revenue of approximately MSEK 240.

Stockholm October 13, 2010

Lagercrantz Group AB (publ)

 

For additional information, please contact:

Jörgen Wigh, President & CEO, Lagercrantz Group, telephone +46 8 700 66
70, or the company website at:
http://www.lagercrantz.com (http://www.lagercrantz.com)