Lesjöfors AB

Lesjöfors is Beijer Alma’s largest company, which has grown significantly over the years primarily through international acquisitions. Lesjöfors, which manufactures springs, wire and flat strip components, has been a part of the Group since 1992 and is a full-range supplier that offers both standard products and custom-manufactured components. Lesjöfors is the largest spring manufacture in the Nordic region and a leader in Europe and USA. It is also one of few companies consolidating the industrial springs market via acquisitions.

Lesjöfors in brief

Operations: is a global manufacturer of springs, wire and flat strip components that has a broad international operation comprising 37 manufacturing units in 17 countries and sales in 60 markets.

Business areas: Industry and Chassis Springs.

Offering/range: standard range of industrial springs and development of customized products (Industry). Replacement springs for European and Asian cars and light trucks (Chassis Springs).

Customers/markets: industrial companies in most sectors in Sweden, the other Scandinavian countries, the UK, Germany, the Netherlands, Turkey, China and North America (Industry). Spare parts distributors in the UK, Germany, Russia, Sweden and the other Scandinavian countries (Chassis Springs).

Competitive advantages: broad range and extensive spring expertise that informs customization across the entire production process (Industry). Proprietary manufacturing, complete range and high levels of delivery precision (Chassis Springs).

Revenues: MSEK 4,873

Number of employees: 2,265

President: Ola Tengroth

Read more: lesjoforsab.com

Ola Tengroth, President of Lesjöfors:

Platform for growth

Continued acquisitions and targeted investments in selected product segments. These are some of the things that characterize Lesjöfors’s growth initiatives.

How would you describe your performance?

We are continuing to make acquisitions and they have given us an attractive position in the US with a wide range of products. Today, we are one of the five largest spring companies with a platform that supports further growth. Conducting acquisitions and consolidating the spring market are part of our brand strategy, where our aim is to be the global leader in the market. And we are well on our way. In four years, revenue has doubled, not least through acquisitions. In addition, synergies between our companies have led to improved organic growth.

Which product segments are most important?

Heavy springs, medical technology and sales of standard products are areas we are making extra investments in. Within heavy springs, we are investing in a new hot coiling line at the factory in Lesjöfors. Investments in standard products are being made in several markets in Europe, including by expanding the online store. Within medical technology, we are growing in Europe as well as in Asia and the US. The technological content of medical equipment is increasing in this market. This is boosting demand for our components.

Lesjöfors business areas

Chassis Springs

Replacement springs are sold in the spare parts market for cars and light trucks. They are part of vehicle suspension systems and contribute to safety and driving properties. Customers have access to more than 5,500 models in a complete range that is expanded to include 300 to 500 new products each year. Lesjöfors controls everything from design to manufacturing. Through efficient inventory management and distribution, springs are delivered to customers across Europe within 24 hours.

Industry

Lesjöfors’s products are used in nearly the entire industrial sector and are often adapted to meet specific customer needs. This gives the range a unique breadth with a wide variety of possibilities for variation. Design, manufacturing and support are small-scale and are performed close to the customer at the plants. This prepares the way for targeted, cost-efficient production, in which the company’s technical sales staff and machine operators play key roles in developing the right spring, wire or flat strip component.