Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Lagercrantz Group: Lagercrantz acquires VP Metall AS

Read the release

Lagercrantz Group AB has today signed an agreement to acquire the Norwegian company VP Metall AS.

VP Metall is a market leader in systems for electrical connectors primarily for high voltage applications based on so-called implosive connectors. The company has a strong market position in the Nordic countries but also exports to other parts of the world. VP Metall's annual revenue is approximately MNOK 40 and the company has good profitability. For a presentation of the company, please visit https://www.vpmetall.no.

"VP Metall will further strengthen Lagercrantz's position and offer within electrical connection systems and electrical infrastructure. It will complement Lagercrantz's largest business Elpress and its product range and we see excellent potential in VP Metall's unique know-how within implosive connectors as a platform for continued international expansion," comments Jörgen Wigh, President and CEO of Lagercrantz Group.

"We have great confidence that Lagercrantz will be a good owner for VP Metall in the future. Looking ahead, it was important for us to find a new owner that can help the company with international expansion and at the same time strengthen and continue our production operations here at Raufoss. We believe that Lagercrantz, with its industrial expertise and long-term approach, is the best owner to take the company forward to the next level," comments Tormod Bratberg.

VP Metall AS will become part of the Mechatronics division starting from January 2021. The acquisition is expected to generate a small positive addition to the Group's earnings per share.

 

Stockholm, 9 December 2020

Lagercrantz Group AB (publ)

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.