We advised Lagercrantz Group AB in its acquisition of Mastsystem Int’l Oy, a leading provider of high-performance telescopic masts which are an integral part of leading air defence systems.
Mastsystem is known for its technical excellence and high-performance product portfolio including telescopic field masts, vehicular masts, lifting pole and accessories. The products serve both prime contractors and defence end users. The company is headquartered in Joensuu, Finland since its founding in 1996. Mastsystem is generating an annual revenue of around MEUR 15 with EBITA of around MEUR 6.
Lagercrantz Group, listed on Nasdaq Stockholm, is a technology group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The group consists of some 80 companies, each with a focus on a specific sub-market – a niche. Lagercrantz Group is active in ten countries in Northern Europe as well as in the USA, China and India. The group has approximately 2,900 employees and annual revenue of about MSEK 8,500.