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The acquisition offers LNS long term stability and will allow the Group to accelerate its growth and further reinforce its position as global leader in machine-tool peripherals and services.
LNS Group is a global market leader within automation peripherals and services based in Orvin, Switzerland. LNS has over 950 FTEs and reported net sales of CHF 180 million with an EBITA of CHF 20.6 million for the last twelve month period ending 30 September 2021.
Storskogen acquires and manages profitable small and medium-sized enterprises active in the Industry, Trade and Services business areas in the Nordic countries, DACH and the United Kingdom. The acquisition is a logical step in Storskogen’s international expansion as it will significantly increase its presence in the DACH region and strengthen its position within automation. As a collaborative partner, Storskogen will help driving the digitalisation and optimisation of LNS’s operations, roll-out new product families as well as support LNS in its future growth through acquisitions.
The purchase price amounts to CHF 185 million on a cash -and debt free basis and will be financed with existing funds.
PwC supported LNS with financial, tax and pension vendor assistance services.
The PwC team
Financial
- André Maeder
Tax
- Cédric Bignens
- Morad Laqtaibi
- Elodie Barraud
Pension
- Kristi Leibur-Nagel
- Ester Lamerikx
