ERIKS Holding Deutschland GmbH has sold Schmitztechnik GmbH to Lagercrantz Group AB
ERIKS Holding Deutschland GmbH has sold its subsidiary in Germany Schmitztechnik GmbH to Lagercrantz Group AB.
Schmitztechnik is a leading firm in several OEM segments with customized silicone-, rubber-, PUR- and industrial plastic products, mainly serving the German market.
Lagercrantz is a technology group offering world-leading, value-creating technology using either proprietary products or products from leading suppliers. The group consists of about 50 companies, each with a niche focus on a specific sub-sector. High value-creation is common to all subsidiaries, including a high degree of customization, support and services. Lagercrantz is active in seven countries in Europe and in China and the US. The group has more than 1,300 employees and revenues of approximately US$380 million. The company’s shares are listed on Nasdaq Stockholm since 2001.
“Lagercrantz acquires and develops successful companies in Northern Europe with a leading position in their niche. Schmitztechnik fits well into that description with a strong performance over many years”, says Jörgen Wigh, CEO of Lagercrantz Group.
ERIKS is an international industrial service provider, a multi-product specialist offering a wide range of high-quality mechanical engineering components and associated technical and logistics services. The company offers its products and services to the industrial end user based on its expertise in technology, its broad and deep knowledge of market developments, product properties, product applications, product processing, logistics and its state-of-the-art infrastructure. The group has branches in 18 countries and a workforce of approximately 7,500 employees, with a strong position in Western Europe, the US and Southeast Asia.
“For us, the reason to divest Schmitztechnik is strategically motivated. It gives ERIKS Germany room to further develop its core business. We believe that Lagercrantz Group, a reputable company, will offer a great platform for Schmitztechnik’s further development and growth,” says Simon Franken, CEO of ERIKS.
Oaklins’ team in Germany advised the seller. The teams in Denmark and the Netherlands supported this transaction.
Talk to the deal team
Dr. Florian von Alten
Managing PartnerHamburg, Germany
Marc van de Put
MT Højgaard Holding’s subsidiary Enemærke & Petersen has acquired Raunstrup
MT Højgaard Holding A/S’ business unit Enemærke & Petersen (E&P) has entered into an agreement to acquire the nationwide construction and carpentry company Raunstrup A/S. This strategic acquisition will bolster E&P’s geographical position in Denmark and strengthen its activities within the building maintenance services sector. The Raunstrup brand will remain, and activities and daily management will continue unchanged under E&P’s ownership.Learn more
Commercial Tube Processing has been acquired by Nelson Global Products
Tube Processing Corporation has sold its division Commercial Tube Processing (CTP) to Nelson Global Products Inc.Learn more
Lifco has acquired MultiOne
Lifco AB has acquired MultiOne s.r.l.Learn more