The primary goal is to grow profitably. This is achieved through long-term ownership and efficient governance in the Group companies. At the same time, we conduct responsible business through a sustainability agenda that contributes to a better world, creates business opportunities, reduces costs and minimizes risks.
Value creation. The Group companies all provide products and services that generate added value or offer greater substance for our customers – something for which they are also prepared to pay. By offering this type of value, we can charge more for the products and services we deliver, thereby boosting the Group’s profitability.
FOUR FOCUS AREAS
To achieve profitable growth, we focus on four strategic areas:
High customer value.
Many of the Group companies’ products and services are adapted to meet specific customer needs. This increases customer value and supports a positive trend in terms of profitability.
International market coverage.
Expanding and creating growth with customized niche products requires broad international sales.
Strong market positions.
Quality products, customization and service create strong market positions, enabling the Group companies to compete on the basis of other forms of added value rather than price.
Broad customer and supplier bases.
This breadth provides scope for action and reduces risk exposure and the Group’s dependency on individual markets, industries or companies.
We grow in two ways – by acquiring new companies and through organic growth in existing operations. Acquisitions strengthen the Group in selected markets or within specific technology and product areas, but can also add entirely new operations to Beijer Alma. At the same time, we grow organically through investments in production and market development in existing companies.
Driving forces for profitable growth
The combination of organic growth and acquisitions leads to profitable growth. Read more about how we are developing our various operations.
Platform for growth
Lesjöfors´ strengthens its position on the US market. The background is the acquisitions of spring companies Plymouth Springs, John Evans’ Sons and Tollman. Together with Lesjöfors Springs America this provides a strong platform for continued growth. Lesjöfors increases its market share and revenues in the US. In addition, Lesjöfors gains access to new, interesting market segments, including medical technology.
Niche technologies in focus
Through the acquisitions of Botek and Finn Lamex, Beijer Tech continues to grow within niche technologies. Botek manufactures vehicle mounted scales and Finn Lamex laminated windshields for commercial vehicles. Both companies have strong market positions and potential for continued growth. Through its active acquisition strategy, Beijer Tech is increasing its focus on operations in manufacturing and processing, which contributes to the long-term profitability trend.
Expanded low-cost production
Capacity for low-cost production is increased within Lesjöfors through the acquisition of Turkish Telform. The company manufactures industrial springs for customers in more than 30 countries.
Having own low-cost production closer to Europe is becoming increasingly strategically important. The broader production platform also enables optimizations in line with Lesjöfors´ overall manufacturing strategy. With the acquisition, Lesjöfors is simultaneously expanding into yet another European spring market.
Complex components for electric car makers
Knowledge transfer was the key in a major electric car transaction. The background is that German company Stumpp + Schüle previously signed an agreement with a sub-supplier to an electric car manufacturer. The component is technically complex. Lesjöfors was later asked whether the same component could be delivered to the customer’s Chinese operation. By transferring technology and expertise from Stumpp + Schüle, this component is now being manufactured at Lesjöfors China.
UK company Metrol Springs has made major new investments in its gas spring manufacturing. Investments in automated machinery are increasing process efficiency in this part of its production, and the technology for loading and testing the company’s gas springs has also been automated. In addition, Metrol has invested in a robot gas spring loader and equipment for laser marking spring products.
New niche technologies for Beijer Tech
Beijer Tech has completed two acquisitions that have expanded its operations into new niche technologies. Swedish Microwave manufactures equipment used in the maritime industry and earth observation and among satellite and teleport operators. Beijer Tech also acquired the company Mountpac. With proprietary sheet manufacturing and a broad supplier base, Mountpac offers everything from individual customized punch details to complex products.
Focus on medical industry
Lesjöfors develops and manufactures components for the medical industry, an area where the company is now focusing on further advancing its position. Lesjöfors manufactures, for example, technical springs, bent parts and stamped parts from wire or strip material for disposable medical products, medical equipment and hygiene-related products. The focus is on innovative and sustainable complete solutions for manufacturing, cleanliness, packaging and automation.
Teach for Sweden – training teachers in new ways
Teach for Sweden recruits and trains teachers in new ways, focusing for example on engineers or doctoral candidates who have not worked as teachers before. Beijer Alma supports the organization, and the Group’s managers have mentored participants of the teacher program. In 2021, 31,000 students were taught by a teacher who had taken part in Teach for Sweden’s program. One in four graduate technology teachers and one in five graduate chemistry and physics teachers in grade 7–9 have been trained by Teach for Sweden.
Energy-efficient indoor climate
Reduced energy consumption for lighting and ventilation – this was the result when the Beijer Tech company INUstyr installed a new smart control system in properties used by the University of Gothenburg. The new demand-controlled system also optimizes energy consumption in the technology used to regulate the properties’ heating, cooling and sun protection systems. INUstyr specializes in complete building automation solutions that provide customers with an energy-efficient and environmentally friendly indoor climate.
Biogas reduces CO2 emissions
At Lesjöfors Fjädrar’s plant, CO2 emissions are being reduced by 70 to 90 percent now that the propane gas that was previously used has been replaced by biogas. Biogas is extracted from bio-based residual products or bio-based waste, such as slaughterhouse waste and used frying oil. The emissions reduction enabled by this green transition at Lesjöfors’s plant corresponds to 1,600 to 2,000 tons of carbon dioxide per year.
More medical technology
During the pandemic, demand for medical equipment – a focus area for Lesjöfors – has increased. For many years, John While Solutions in Singapore has produced specially developed wire forms for a customer that manufactures advanced medical equipment. In 2020, the company’s delivery volumes increased ten-fold. “Our products meet the stringent standards of the highly regulated area of medical equipment,” says Roy Loh, Vice President of Lesjöfors Spring Technology in Asia.
Digital hose labeling
It is now easier for customers to order hoses from Lundgrens. The company uses digital labeling, a process by which hoses are fitted with a label that has a QR code. This code provides information regarding the type of hose, length and where the hose is to be used. Any customer who wishes to place a new hose order can scan the QR code using a mobile phone and send the information to Lundgrens. This saves time and reduces the risk of disruptions. Lundgrens is the only company in Europe to offer this technology.
Metrol Springs is a manufacturer of tooling gas springs, special purpose gas springs and gas struts to Lesjöfors. The company serves industrial and automotive customers in Europe, the US and Asia. Read more
Tribelt opens a new market for conveyor belt applications, while the spring operation in De Spiraal broadens the customer base in such industries as food, pharmaceuticals and energy. Read more
Wide product range
Encitech designs, manufactures and distributes electronic components and has a wide range of proprietary products. This acquisition increases the share of manufacturing and export in Beijer Tech. Read more