
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.