Beijer Alma’s subsidiary, Lesjöfors AB, acquires the german spring manufacturer Stumpp+Schüle GmbH


Lesjöfors has signed an agreement to acquire the German spring manufacturer
Stumpp+Schüle GmbH from Paragon Partners. Transfer of control will take place as
soon as possible, but not later than June 1, 2012. Stump+Schüle, which
manufacture springs and flat strip components, is based in Beuren near Stuttgart
and also conducts manufacturing in Slovakia through a wholly owned subsidiary.

Lesjöfors is one of Europe’s largest spring manufacturers and has the markets
broadest product offering. In 2011, the company generated sales of SEK 1.4
billion and the company has 1,000 employees. Lesjöfors conducts operations in
Sweden, Norway, Finland, Denmark, the UK, Germany, Latvia, Russia, China and
South Korea.

The Stumpp+Schüle Group generates sales corresponding to around SEK 200 M and
has 230 employees. The company’s customers are in the automotive and engineering
industries. Some 60 percent of sales are generated in Germany.

The acquisition strengthens Lesjöfors’ position in Germany, which is by far the
largest spring market in Europe. Lesjöfors will be one of the largest suppliers
of springs in Germany with sales of about SEK 500 M. Lesjöfors already conducts
manufacturing operations in the Ruhr area, and this acquisition will also
establish the company in the heavily industrialized region around Stuttgart. For
Stumpp+Schüle, the acquisition provides access to additional products and
markets through Lesjöfors’ other companies, of which China is particularly
attractive.

Kjell-Arne Lindbäck, CEO of Lesjöfors, says, ”This is a key strategic
acquisition. We strive for strong market positions in selected markets. Germany
is Europe’s largest spring market and this acquisition enables us to strengthen
our position there. Furthermore, acquiring access to low-cost manufacturing in
another country close to Germany is an additional benefit.”

”I am very pleased that Lesjöfors has succeeded in conducting this key strategic
acquisition. We aim to be Europe’s leading spring manufacturer, which requires
being a major player in the German market. This acquisition and the acquisition
of Velleuer one year ago have enabled Lesjöfors to triple its sales in Germany.
We now have a strong platform for continued growth in Europe,” says Beijer
Alma’s CEO, Bertil Persson.

For further information:
President and CEO, Bertil Persson, Beijer Alma AB, telephone: +46 (0)8-506 427
50
President and CEO, Kjell-Arne Lindbäck, Lesjöfors AB, telephone: +46 (0)70-574
99 94

Beijer Alma AB (publ) is an international industrial group that focuses on
component production and industrial supplies. The Group includes Lesjöfors, one
of Europe’s largest spring manufacturers, Habia Cable, one of Europe’s largest
manufacturers of custom-designed cables and Beijer Tech with strong positions in
industrial supplies in the Nordic region. Beijer Alma is listed on NASDAQ OMX
Stockholm Mid Cap.

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