Hanza AB

STOCKHOLM, March 13, 2025 /PRNewswire/ -- On March 3, 2025, HANZA AB completed the acquisition of 100% of the shares in the Finnish group Leden Group Oy. Leden also owned approximately 90% of the subsidiary Leden Estonia AS, and HANZA has today acquired the remaining shares, which means that the company becomes a wholly owned subsidiary.

The transaction is a natural step after the acquisition of Leden and is in line with HANZA's strategy to have full ownership of its subsidiaries for optimal operational efficiency.

The purchase price amounts to EUR 1.5 million and is financed through existing cash. In Leden, there is a recognized minority interest of approximately EUR 1.7 million, which means that the acquisition has a minimal positive accounting impact.

CONTACT: 

For further information please contact:

Erik Stenfors, CEO

+46 709 50 80 70

erik.stenfors@hanza.com

Lars Åkerblom, CFO

+46 707 94 98 78

lars.akerblom@hanza.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hanza-ab/r/hanza-acquires-outstanding-shares-in-leden-subsidiary,c4118680

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STOCKHOLM, March 3, 2025 /PRNewswire/ -- HANZA AB has today completed the acquisition of the Finnish billion SEK company Leden Group Oy, a leading player in advanced mechanical manufacturing. Through the acquisition, HANZA strengthens its market position and mechanical expertise in Finland and Estonia and broadens its customer base.

Strategic background 

HANZA's acquisition strategy is based on identifying financially stable companies with a strong corporate culture and complementary expertise. The acquisition is part of the "HANZA 2025" strategy, which aims to expand the business in existing geographies and technologies in Europe. 

Leden Group has approximately 600 employees and five production facilities - four in Finland and one in Estonia. The company has annual sales of approximately SEK 1.1 billion and long-term customer relationships in areas such as energy storage, energy distribution and industrial automation. The acquisition means that HANZA strengthens its offering in sheet metal mechanics, machining and complex assembly. 

"Leden Group fits perfectly into our strategy and significantly strengthens our offering. In the customer dialogues we had prior to closing, we have received remarkably positive feedback from both existing and new customers about the deal, and we look forward to further developing the collaboration," says Erik Stenfors, CEO of HANZA. 

"We look forward to becoming part of the HANZA family. Together we can create even more cost-effective solutions for our customers and drive more growth - for them and thus for us," says Jukka Haapalainen, CEO of Leden Group. 

The deal in brief 

• Purchase price: EUR 21 million in cash + 2.3 million newly issued shares in HANZA 
• Earn-out: Up to EUR 15 million based on Leden's performance in 2025, and up to 300,000 shares depending on HANZA's share price development in 2025. 
• Financing: Credit facilities and existing cash 
• Lock-up: The newly issued shares are subject to customary lock-up clauses 

For further information please contact:

Erik Stenfors, CEO

+46 709 50 80 70

erik.stenfors@hanza.com

Lars Åkerblom, CFO

+46 707 94 98 78

lars.akerblom@hanza.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hanza-ab/r/hanza-completes-billion-sek-acquisition---broadens-customer-base-and-strengthens-mechanical-expertis,c4113240

The following files are available for download:

View original content:https://www.prnewswire.co.uk/news-releases/hanza-completes-billion-sek-acquisition---broadens-customer-base-and-strengthens-mechanical-expertise-302389925.html