Material Handling Modules Europe is acquired by Lagercrantz Group
Weibull M&A was the seller's advisor when Lagercrantz Group Aktiebolag acquired Material Handling Modules Europe AB on the 13 of December 2023.
Lagercrantz has acquired 97% of the shares in Material Handling Modules Europe AB (MHM), a leading Nordic supplier of modularized roller conveyor and pallet handling systems to integrators in the automation industry. MHM is based in Glemmingebro in south-eastern Skåne and has a turnover of around SEK 90 million with good profitability.
"With high competence and application knowledge, MHM has created a unique position in the industry and built a high level of trust among machine and system builders in Sweden and the Nordic region. We strongly believe in the company's continued growth both nationally and internationally and are proud and happy to welcome MHM into the group", says Magnus Nilsson, VP Business Development Niche Products Division.
"It feels very good to hand over the continued responsibility to a long-term and stable owner who can help us take the business to the next level. As part of a larger group, we get access to both experience and security in our development and internationalization", says Peter Nilsson, CEO and continued co-owner of MHM."
Lagercrantz Group is a technology group that offers value-creating technology, either with its own products or with products from leading suppliers. The Group has around 75 companies, each of which is oriented towards a specific sub-market, a niche. What the companies have in common is a high level of value creation, with a high degree of customization, support, service, and other services. Lagercrantz operates in nine countries in Northern Europe, China, India, and the USA. The Group has around 2.600 employees and a turnover of over SEK 7,900 million. The company's shares have been listed on Nasdaq Stockholm since 2001. MHM will be part of the Niche Products division from December 2023.
For more information about the company, visit https://www.mhmodules.com/
For more information about the buyer, visit https://www.lagercrantz.com/
