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Lagercrantz Group AB Class B ( ($SE:LAGR.B) ) has issued an announcement.
Lagercrantz Group AB has acquired 100% of UK-based Michael Smith Switchgear Limited, a Leicester manufacturer of bespoke low-voltage switchgear and electrical distribution assemblies serving industrial, commercial, infrastructure and data centre customers across the UK. With annual revenues of about GBP 8 million and a strong reputation for technical expertise and customer relationships, MS Switchgear will join Lagercrantz’s Electrify division in April 2026, with its management team remaining in place and the deal expected to make a small positive contribution to Lagercrantz’s earnings per share on an annual basis.
The acquisition strengthens Lagercrantz’s Electrify division by adding another niche market leader in an attractive low-voltage switchgear segment with solid fundamentals. It also deepens Lagercrantz’s footprint in the UK, particularly in critical infrastructure and data centre-related applications, supporting the group’s strategy of building a portfolio of specialised technology businesses that enhance its earnings profile and market positioning over time.
The most recent analyst rating on ($SE:LAGR.B) stock is a Buy with a SEK222.00 price target. To see the full list of analyst forecasts on Lagercrantz Group AB Class B stock, see the SE:LAGR.B Stock Forecast page.
More about Lagercrantz Group AB Class B
Lagercrantz Group AB is a Stockholm-listed technology group that acquires and develops niche businesses offering value-creating technology, based on proprietary products or leading suppliers’ solutions. The group operates through about 85 companies focused on specific sub-markets across nine countries in Northern Europe as well as the U.S., China and India, employs around 3,600 people and generates annual revenues exceeding SEK 10 billion.
Average Trading Volume: 300,693
Technical Sentiment Signal: Hold
Current Market Cap: SEK42.1B
Find detailed analytics on LAGR.B stock on TipRanks’ Stock Analysis page.