{"id":49034,"date":"2021-07-29T17:26:00","date_gmt":"2021-07-29T15:26:00","guid":{"rendered":"https:\/\/www.lesjoforsab.com\/?p=49034"},"modified":"2021-08-18T17:29:06","modified_gmt":"2021-08-18T15:29:06","slug":"lesjofors-divests-sp-federnwerk-gmbh","status":"publish","type":"post","link":"https:\/\/www.lesjoforsab.com\/about-lesjofors\/news\/lesjofors-divests-sp-federnwerk-gmbh\/","title":{"rendered":"LESJ\u00d6FORS DIVESTS S&#038;P FEDERNWERK GMBH"},"content":{"rendered":"\n<p>S&amp;P Federnwerk GmbH is a German spring manufacturer whose customers are mainly active in the automotive and agricultural industries. The company has been part of Lesj\u00f6fors since 2013 and generated sales of approximately MSEK 110 in 2020 with about 60 employees. The decision to divest S&amp;P was made following an evaluation of various strategic alternatives for the company, as its profitability has been unsatisfactory for Lesj\u00f6fors. In connection with the divestment, a non-cash impairment expense of about MSEK 60 will be charged to Lesj\u00f6fors\u2019 earnings for the third quarter, during which the transaction is expected to close.<\/p>\n\n\n\n<p><strong>Ola Tengroth<\/strong>, President of Lesj\u00f6fors, comments on the decision to divest the company:&nbsp;<em>\u201cDivesting a company is an exception in our operation. We have made several acquisitions in recent years which, in most cases, have strengthened the group and contributed with attractive profitability. The decision to divest S&amp;P follows a careful evaluation and is based on the fact that S&amp;P has limited synergies with our other companies. We are convinced that S&amp;P will have a favorable development with its new owners.\u201d<\/em><\/p>\n\n\n\n<p><strong>If you have any questions, please contact:<\/strong><br>President of Lesj\u00f6fors AB, Ola Tengroth: +46 (0)70-679 88 04<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lesj\u00f6fors has today entered into an agreement to divest 100 percent of its shares in S&#038;P Federnwerk GmbH.<\/p>\n","protected":false},"author":9,"featured_media":49035,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-49034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lesj\u00f6fors - Springs and Pressings<\/title>\n<meta name=\"description\" content=\"Lesj\u00f6fors is one of the worlds largest and most diverse spring manufacturing groups.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lesjoforsab.com\/lv\/about-lesjofors\/news\/lesjofors-divests-sp-federnwerk-gmbh\/\" \/>\n<meta property=\"og:locale\" content=\"lv_LV\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lesj\u00f6fors - 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