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. 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 33 manufacturing units in 15 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, 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 3,198

Number of employees: 1,918

President: Ola Tengroth

Read more: lesjoforsab.com

Ola Tengroth, President of Lesjöfors:

Record acquisition in the US

A record-breaking acquisition in the USA and then continued work to strengthen Lesjöfors’ joint sales platform – these are areas that CEO Ola Tengroth highlights when he summarizes the development in the company in 2022.

Why was the acquisition of American John Evans’ Sons important?

Size and profitability are linked. Where we have strong positions – geographically or via product segment – we also have good earnings. Therefore, it is important to be one of the biggest players. In the USA, acquisitions have made us one of the largest spring manufacturers. The goal is to continue growing via acquisitions in this and other markets, where the platform will thus become larger.

Other ventures you want to highlight?

The investment in the sales platform continues. It will broaden cross-selling and ensure that we sell the entire Lesjöfors’ portfolio in all regions. We are starting to get a return on this work, including in heavy springs. Another initiative is called »A more modern Lesjöfors« and includes digitization, sustainability and strategic HR. We run several sub-projects, including the launch of a new e-commerce platform.

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.