Lagercrantz Holding Oy today acquired Sajas Group, consisting of Sajakorpi Oy, the operations of Suomen Tekniset Harjat Oy, the Estonian company Sajas Group Estonia OÜ and the German company Saja GmbH.
Sajas Group is a leading supplier of brushes for road sweeping, airfield and railway cleaning, oil recovery and for various industrial applications. The Group has a strong market position in the Nordics, Baltics and Germany but also exports to other parts of the world. Sajas Group generates annual revenue of approximately 10 MEUR. For a presentation see www.sajas-group.com.
"Sajas Group will add interesting products that further strengthen our niche brush business within Lagercrantz. Together with the skilled personnel of Sajas Group, we intend to continue the innovative development of the Sajas Group which has been a trademark historically" comments Jörgen Wigh, President and CEO of Lagercrantz Group.
"After the Sajas Group's successful journey, now at its 75[th] year, I see Lagercrantz as a strategic, long-term owner that can further develop the business and ensure that the successful journey continues, " says Kimmo Sajakorpi, seller and former chairman of Sajas Group.
Sajas Group will be part of the Niche Products division as of November 2020. The acquisition is expected to generate a small positive addition to the Group's earnings per share on an annual basis.
Stockholm 2 November 2020
Lagercrantz Group AB (publ)
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