Lagercrantz buys Danish hydraulic tools maker Hycon to bolster Control division

Lagercrantz Group AB Class B ( ($SE:LAGR.B) ) has issued an update.

Lagercrantz Group has agreed to acquire 95% of Danish company Hycon A/S, a Northern Jutland-based manufacturer of high-performance hydraulic tools and power units used for drilling, sawing, cutting and pumping in demanding environments such as water utilities and underwater work. Hycon, which reports annual revenue of DKK 52 million with solid profitability, will join Lagercrantz’s Control division in April 2026, while co-owner and CEO Martin Møller retains a 5% stake.

Lagercrantz executives underline Hycon’s strong track record in quality and innovation and see the deal as a way to strengthen Hycon’s global market position, while Hycon’s management expects continued growth supported by a long-term industrial owner. The acquisition is expected to have a marginally positive impact on Lagercrantz’s earnings per share, suggesting incremental financial upside as the group continues its strategy of buying and building specialized technology businesses.

The most recent analyst rating on ($SE:LAGR.B) stock is a Buy with a SEK270.00 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, often proprietary, industrial technology solutions. Operating through about 85 companies across Northern Europe, the U.S., China and India, it employs roughly 3,600 people and generates annual revenues above SEK 10 billion, focusing on specialized sub-markets where its units hold strong positions.

Average Trading Volume: 266,589

Technical Sentiment Signal: Strong Buy

Current Market Cap: SEK48.31B

For a thorough assessment of LAGR.B stock, go to TipRanks’ Stock Analysis page.