EuroWire March 2025

Corporate News

The acquisition will strengthen Lesjöfors’ disc spring offering

Lesjöfors Group expands into India with acquisition of International Industrial Springs

He commented, “My family and I are proud of the company we have built, and we want to thank our employees, partners and customers. We see this as a natural next step for IIS and are happy that we have found a solid and long term home for our company. We believe Lesjöfors is the perfect partner for us to continue our successful development and are certain that this will benefit all our stakeholders.” Through the transaction, Lesjöfors has acquired 51 per cent of the shares in International Springs and Stampings Pvt Ltd, with closing taking place in Q1 2025. Lesjöfors AB www.lesjoforsab.com International Springs and Stampings Pvt Ltd www.internationalsprings.com

Lesjöfors CEO Ola Tengroth said, “IIS is our first acquisition in India and with Lesjöfors sites in Singapore, China and Thailand, this marks the Lesjöfors 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 Lesjöfors’ 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.” IIS CEO Sumit Gala will continue in his operational role after the acquisition, and will remain a minority owner.

The Lesjöfors Group has signed an agree- ment to acquire India-based International Industrial Springs (IIS), increasing the global footprint of the Swedish headquartered spring and pressing manufacturer with its first acquisition in India. The acquisition also strengthens the Lesjöfors Group’s growth trajectory with the addition of new product capabilities, building on Lesjöfors’ wide portfolio. production plants across the Mumbai region and 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. It also offers hot coiling facilities, extending Lesjöfors’ hot coiling manufacturing capabilities to three dedicated locations across Europe and India. Operating from six

Graphics bigstockphoto.com/Artist tereh

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March 2025