Rasmus Jostrup, head of strategy and M&A, said: “Lesjofors has significantly expanded its global presence with the acquisition of its first company in India. This strategic acquisition not only strengthens Lesjofors’ growth, and geographic reach but it also enhances the Group’s already impressive product portfolio, reinforcing Lesjofors’ reputation for having the widest range of products in the industry.”
With IIS’s established expertise in disc springs and washers, IIS complements Lesjofors’s existing capabilities perfectly and offers excellent potential for growth in this product sector.
Additionally, IIS offers hot coiling capabilities, expanding from Lesjofors’ existing 65mm+ wire diameter manufacture to 80mm, opening new markets and opportunities for the heavy spring market.”
Lesjofors annoucned its plans to acquire IIS in February. Operating from six production plants across the Mumbai region, specialising in disc springs, washers and general springs, IIS serves a variety of domestic and international industries across the valve, energy, engineering and aerospace sector.
In addition, IIS also offers hot coiling capabilities, extending Lesjofors’s hot coiling manufacturing capabilities to three dedicated locations across Europe and India.
With approximately 230 employees, the acquisition increases the Lesjofors employee base to over 2600 worldwide.
Lesjofors CEO, Ola Tengroth, said: “IIS is our first acquisition in India and with Lesjofors sites in Singapore, China and Thailand, this marks the Lesjofors Group’s fourth entry into the Asia Pacific region, the largest spring region in the world.
IIS is a company with a strong entrepreneurial spirit, and it has shown impressive performances in recent years. With an established position across several of Lesjofors’ key customer segments, IIS not only has an attractive and diversified customer base, it’s products also enhance our product portfolio, by strengthening our disc spring offering. We look forward to continuing to develop the company in the coming years.”
