Lagercrantz Group acquires Unitronic AG in Germany

6/10/2002 3:08 AM EST

Lagercrantz Group AB has concluded an agreement to acquire all
outstanding shares in Unitronic AG, Düsseldorf, Germany.

Unitronic AG is a niched electronics supplier of special components and
modules. The company concentrates on the expanding areas of industrial
communication and special sensors. Unitronic AG has 28 employees and has
sales of about MSEK 130. Unitronic's head office is located in
Düsseldorf and the company is active in the entire German market via
branch offices.

Lagercrantz will take possession of 51 percent of the shares in
Unitronic AG September 1, 2002 and possession will be taken of the
remaining shares during 2003.

The acquisition of Unitronic is an important element of Lagercrantz's
ambition to become a more international electronics and communications
company.

Jan Friis, President and CEO of Lagercrantz Group, says in a comment:

"Unitronic is a strategic acquisition for Lagercrantz Group and the
right start to expand its reach in Europe. Unitronic's focus on special
components and modules is a close fit with the Lagercrantz Group's
sharper focus on industrial communication. I have great confidence in
Unitronic's management and personnel and I am convinced that together we
will succeed in further building Unitronic's already strong market
position."

Rudolf Breiden, President (Vorstand) of Unitronic AG comments as
follows:

"Together with Lagercrantz Group we will be a very strong player. We
will be able to attract new, interesting customers and suppliers.
Lagercrantz Group's network will further strengthen our opportunities
for growth."

The acquisition is expected to have a positive impact on Lagercrantz
Group's earnings already during the current financial year.

Stockholm, June 10, 2002

Lagercrantz Group AB (publ)

For further information, contact:
Jan Friis, President and CEO, Lagercrantz Group AB or
Mattias Sonnenfeld, Executive Vice President, Lagercrantz Group AB

Telephone +46-8-700 66 70