HANZA Broadens Reach with Acquisition of Leden Group

HANZA AB has completed the acquisition of Leden Group Oy, a prominent Finnish company renowned for its advanced mechanical manufacturing capabilities. The acquisition aligns with HANZA's strategic aim to bolster its mechanical expertise and to expand its customer base within Finland and Estonia. This development is a significant component of the "HANZA 2025" strategic initiative, which seeks to grow the business within existing European geographies and technologies. Leden Group, with about 600 employees across five facilities, reports annual sales of SEK 1.1 billion and maintains robust customer relations in sectors such as energy storage, energy distribution, and industrial automation. The purchase transaction terms include a cash payment of EUR 21 million, complemented by 2.3 million newly issued shares in HANZA. Additionally, the agreement features potential earn-outs tied to Leden's performance in 2025, and share price targets, with financing sourced from credit facilities and existing cash reserves. This acquisition not only advances HANZA's business strategy but also promises to enhance cost-effective solutions and drive growth for its clientele.