Lagercrantz Group has today acquired all shares in the Swedish company Vendig AB.

Vendig is a niche player, which develops, manufactures and sells belt scrapers and other components for conveyors within the bulk handling industry in Sweden and the rest of Europe. The customers are found within the rock-, gravel- and mining industry. Vendig recorded sales in 2010/11 of approximately MSEK 30 with good profitability. The seller of the company is JNL Utveckling AB.

“Vendig will be an interesting addition to the Lagercrantz group. The company has a strong market position in its niche and has good prospects for the future,” says Jörgen Wigh, President and CEO of Lagercrantz Group.

Sören Bergsten, Managing Director of Vendig: “With Lagercrantz as owner we gain a financially strong and long-term owner that gives us the opportunity to develop the company further by broadening our presence in Sweden and boosting the export of own products in Europe.”

Vendig will be part of Lagercrantz...