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.
One of Europe's largest spring manufacturers
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.
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The acquisition strengthens Lesjöfors’ position in Germany, which is by far the largest spring market in Europe. Lesjöfors will be one of the largest suppliers of springs in Germany with sales of about SEK 500 M.
A key strategic acquisition
Kjell-Arne Lindbäck, CEO of Lesjöfors, says, ”This is a key strategic acquisition. We strive for strong market positions in selected markets. Germany is Europe’s largest spring market and this acquisition enables us to strengthen our position there. Furthermore, acquiring access to low-cost manufacturing in another country close to Germany is an additional benefit.”
About the Stumpp+Schüle Group
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.