Lagercrantz Group acquires communications company COBS AB

Lagercrantz Group acquires communications company COBS AB

Lagercrantz has today concluded an agreement to acquire all shares outstanding
in COBS AB. COBS develops and markets wireless telephony systems with functions
for, among other things, personal security and positioning in one and the same
mobile handset. Customers are found mostly in health care, security, the retail
trade and industry.

COBS had revenue of approximately MSEK 50 during 2007 with good profitability.
The company's head office is located in Göteborg.   

Jörgen Wigh, President & CEO of Lagercrantz Group, comments the acquisition by
saying: "The acquisition of COBS is one element of our ambition of increasing the
proportion of proprietary products and raising the value content of our offer to
customers.” 

Bertil Sjöberg, principal owner of COBS:
”The sale to Lagercrantz provides excellent opportunities for future expansion
at the same time as COBS gets a long-term owner that lends security and
stability to our customers, suppliers and personnel.” 

COBS will be a part of division Communications in the area of Digital
Image/Technical Security from 1 September 2008. The acquisition is expected to
give a small positive contribution to Lagercrantz consolidated earnings per
share during the 2008/09 financial year ending 31 March 2009. 

More information is available at www.lagercrantz.com or www.cobs.se

Stockholm, 20 August 2008

Lagercrantz Group AB (publ)

For additional information, contact:

Jörgen Wigh, President & CEO, telephone +46 (8) 700 66 70
This information is provided in accordance with the Swedish Securities Market
Act, the Swedish Law on Accounting for Financial Instruments or requirements
posed by the agreement with OMX Nordic Exchange. The information was released
for publication at 08:00 a.m., 20 August 2008. 

LAGERCRANTZ GROUP IN BRIEF 
Lagercrantz Group is a technology trading group in electronics, electrics,
communication and adjacent areas. The Group operates in a decentralised mode
with value-creating sales in close proximity to its customers and markets and
has a leading position in several expansive niches.

Operations are organised in three divisions. Division Electronics is primarily
involved in marketing solutions in wireless industrial communication and
embedded systems. Division Mechatronics offers electro-mechanical components and
production of cable harnesses and electric connection systems. Division
Communications provides solutions in digital image transmission/technical
security, design software and access products. Manufacturing companies are the
primary customers. Lagercrantz is today represented in eight countries in
Northern Europe, and in China.

The Group has sales of more than MSEK 2,200 and has approximately 800 employees.
Lagercrantz is listed on OMX Nordic Exchange, segment Small Cap, sector
Information Technology. Additional information is available at
www.lagercrantz.com.