Lagercrantz acquires Aktiebolaget Qvintus

Summary by AI BETAClose X

Lagercrantz Group's subsidiary, Direktronik, has acquired 100% of Aktiebolaget Qvintus, a Swedish manufacturer of temperature and pressure measuring instruments, for an undisclosed sum. Qvintus, founded in 1953, has an annual turnover of approximately SEK 25 million and serves primarily the HVAC industry in Sweden and Europe. The acquisition, which will be part of Direktronik's Control division starting August 2025, is considered an add-on acquisition and is not expected to significantly impact the Group's annual earnings per share.

Disclaimer*

UK 100

Latest directors dealings