Telform is a Turkish manufacturer of industrial springs to the domestic and international markets. The customer base is diversified across more than 30 countries and multiple industries such as white goods, construction, automotive, electrical and others. Through its know how and customer focus, the company has been able to grow with its existing customers over time. The company has c. 140 employees and generates revenues of about MEUR 11 per annum with favorable profitability.<\/p>\n\n\n\n
The acquisition is well in-line with Beijer Alma\u2019s model for value-creating acquisitions and is another step in Lesj\u00f6fors‘ ambition to consolidate the market for industrial springs and marks an expansion to a new geography with growth potential.<\/p>\n\n\n\n
Lesj\u00f6fors\u2019 President, Ola Tengroth<\/strong>, comments on the acquisition: \u201cLesj\u00f6fors has followed Telform over a period of time and we are impressed by the company\u2019s operations and culture, which we are convinced will fit well within Lesj\u00f6fors\u2019 group. With the acquisition of Telform, Lesj\u00f6fors expands its production footprint and increases its low-cost manufacturing capabilities, which enables further production optimization in-line with Lesj\u00f6fors overall strategy. In addition, the acquisition opens a new market, which is well positioned to benefit from the trend of nearshoring, for Lesj\u00f6fors. Therefore, I am looking forward to working together with the company and its management team to continue to develop and grow Telform.\u201d<\/em><\/p>\n\n\n\n Telform\u2019s CEO and CFO, Buket B\u00f6ke and Melis D\u00fclger Yilmaz<\/strong>, adds: \u201cWe are very happy that Telform from now on will be a part of a global group with extensive experience and knowledge of our industry. We appreciate Lesj\u00f6fors\u2019 decentralized structure and are looking forward to continuing to develop the company further.\u201d<\/em><\/p>\n\n\n\n President Lesj\u00f6fors AB, Ola Tengroth: +46 (0) 706 79 88 04<\/p>\n","protected":false},"excerpt":{"rendered":" Today Lesj\u00f6fors has signed an agreement to acquire 100 percent of the shares in Telform, a Turkish spring manufacturer. With the transaction, Lesj\u00f6fors expands its production footprint, in line with its ambition to build the leading spring, wire and flat strip component group.<\/p>\n","protected":false},"author":9,"featured_media":59828,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nFOR FURTHER INFORMATION, PLEASE CONTACT:<\/h4>\n\n\n\n