LAGR B

Lagercrantz Group

Market Cap 5,971.8M

Lagercrantz has a long history together with two other listed companies: B&B Tools (previously Bergman & Beving) and Addtech. Lagercrantz started in 1938 and was acquired by Bergman & Beving in 1967. Lagercrantz and Addtech were spun off in 2001 and have since been listed on Nasdaq Stockholms main market. Lagercrantz got the businesses within electronics, IT and Communication. The strategic focus during the last decade is characterized by the changes that took place in the wake of the IT- and telecom crisis, during the first years of the new millennium. The product life cycles of electronic components became shorter and production was moving east. Lagercrantz new strategy is oriented towards higher value added products and an expansion into new market niches. Acquisitions have always been a natural part of the groups’ evolution and focus is primarily on proprietary products rather than trading companies. Today (July 2018) the group has some 50 subsidiaries, 1 400 employees and a turnover just under SEK 4 bn with an EBIT-margin of around 10 percent.

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