Lagercrantz Group AB (publ) (OM:LAGR B) acquired 97% stake in Material Handling Modules Europe AB on December 13, 2023. Material Handling Modules will be part of the Niche Products division of Lagercrantz from December 2023. The acquisition is expected to generate a positive addition to the Group's earnings per share on an annual basis. Peter Nilsson, MD of Material Handling Modules will continue as the part owner. MHM Material Handling Modules reported an annual revenue of about SEK 90 million as of December 31, 2022. Johan Winnerblad of Advokatfirman Vinge KB acted as legal advisor to Lagercrantz.
Lagercrantz Group AB (publ) (OM:LAGR B) completed the acquisition of 97% stake in Material Handling Modules Europe AB on December 13, 2023.