Lesjöfors has signed an agreement to acquire the German spring manufacturer Stumpp+Schüle GmbH from Paragon Partners. Transfer of control will take place as soon as possible, but not later than June 1, 2012. Stump+Schüle, which manufacture springs and flat strip components, is based in Beuren near Stuttgart and also conducts manufacturing in Slovakia through a wholly owned subsidiary.

Lesjöfors is one of Europe’s largest spring manufacturers and has the markets broadest product offering. In 2011, the company generated sales of SEK 1.4 billion and the company has 1,000 employees. Lesjöfors conducts operations in Sweden, Norway, Finland, Denmark, the UK, Germany, Latvia, Russia, China and South Korea.

The Stumpp+Schüle Group generates sales corresponding to around SEK 200 M and has 230 employees. The company’s customers are in the automotive and engineering industries. Some 60 percent of sales are generated in Germany.

The acquisition strengthens Lesjöfors’ position in Germany, which...