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At the beginning of 2013 Lesjöfors signed an agreement to acquire the German spring manufacturer S & P Federnwerk.
S & P is located in Herdorf, Germany. Lesjöfors is one of the largest spring manufacturers in Europe and has the widest own manufactured product portfolio on the market. In 2012 sales were approximately 175 million euros and the company has roughly 1,200 employees. Lesjöfors has operations in Sweden, Norway, Finland, Denmark, England, Germany, Slovakia, Latvia, Russia, China and Korea.
In 2012 S & P Federnwerk sales were 16 million euros and the company had 70 employees. The company's customers are in the agricultural, automotive and engineering industries. 60 percent of its sales are in Germany. Particularly interesting for Lesjöfors is the strong focus on the agricultural sector, which complements the existing Lesjöfors product offer.
Kjell-Arne Lindbäck, CEO of Lesjöfors commented on the acquisition: "This acquisition strengthens Lesjöfors position further in Germany and Central Europe. The acquisition adds global niche products that complement Lesjöfors’ other products. Within its main product segment S & P has a significant share of the world market."
Christian Piesch and Hagen Wagener owned and operated S & P Federnwerk since 1999 and during that time sales increased approximately ten times. “The network of expertise in the spring area and the availability of complementary products that we will get access to within the Lesjöfors Group will further strengthen S & P's offer to its customers,” explained Christian Piesch. “The sale of the company to the Lesjöfors Group which has springs and pressings as its core competence is a great opportunity for S&P Federnwerk."
Hagen Wagener remains as managing director of S & P Federnwerk and Christian Piesch will remain and support the sales organisation and its customers.