The subsidiary Lesjöfors is a global manufacturer of springs, wire and flat strip components. Its range includes both standard products and customized components.
Lesjöfors is the largest spring company in the Nordic region and a leader in Europe.
Read more about Lesjöfors and the past year >
The subsidiary Habia Cable manufactures customized cables and cable harnesses. Many of its products are used in high-tech applications in harsh environments. Its cables often have unique properties and are made from high-performance materials to meet various requirements and withstand strain. Read more about Habia Cable and the past year >About the company
The subsidiary Beijer Tech specializes in industrial trading and manufacturing. The company sells consumables, components and machinery as well as service and technical solutions,
often adapted to specific customer needs. The main market is the Nordic region.
Read more about Beijer Tech and the past year >
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Order bookings declined 10 percent during the quarter compared with the year-earlier period. Net revenues rose 3 percent, with earnings remaining essentially unchanged. Order bookings from industrial customers in the Nordic region, which impact all of our subsidiaries, remained strong.
Read a summary of Q1 >
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Examples of successful acquisitions
Increased manufacturing capacity. Beijer Tech acquired Svebab in 2017. The company manufactures circular woven hoses, with its largest product being high-quality fire hoses. Svebab’s hose products are supplied to authorities, industry, emergency services and companies in the water and wastewater industry.
sales have increased by more than 13 percent.
approximately MSEK 5 has been invested in new machinery and more efficient process flows, which have improved the work environment and increased manufacturing capacity by 30 percent.
JOHN WHILE GROUP
Expanded manufacturing and sales. The spring specialist John While Group has operations in Singapore, China and Thailand. The company was acquired by Lesjöfors in 2016 and focuses on manufacturing of springs for customers in the automotive, IT, telecom and medical technology industries.
Sales have been expanded to include Lesjöfors’s European customers with operations in Asia. Increased coordination with Lesjöfors’s other plants in Asia has resulted in synergies in production and manufacturing.
LESJÖFORS SPRINGS AMERICA
Expansion and technology. Lesjöförs Springs America was acquired in 2015 and has manufacturing operations in the US and Mexico. Most of the company’s manufacturing focuses on custom-designed springs, which can be found in a wide range of consumer and industrial products.
the number of employees at the Mexican plant has increased by 40 percent.
the plant in the US has been relocated and the size of the premises increased by about 50 percent.
EUROPEAN SPRINGS & PRESSINGS
Strong growth. European Springs & Pressings har två anläggningar i Storbritannien – i London och Cornwall. Lesjöfors förvärvade verksamheten 2007, som numera tillverkar både chassifjädrar och industrifjädrar för bland annat energi-, elektronik- och fordonsbranschen.
the number of employees has doubled.
sales have increased by 150 percent.