Storskogen Group acquires LNS Group.
The LNS Group has entered into an agreement to be sold to the Storskogen Group, a publicly traded Swedish Group that invests in small and medium sized businesses. Storskogen, as a collaborative partner, will offer LNS long term stability and allow us to accelerate our growth to further reinforce our position as the global leader of world class machine tool peripherals and services.
"Storskogen sees the acquisition of LNS as a logic step in its international expansion, as LNS significantly increases the Group’s presence in the DACH region. LNS has a global reach in a fragmented market where Storskogen sees opportunities to capitalise on trends such as automation, re-shoring of production activities as well as continued growth through acquisitions. Storskogen aims to be a partner in the roll-out of new product families and to further drive digitalisation and optimize LNS’ operations in order to support the further growth of LNS. "
Read the entire official Press Release
"Nearly 50 years ago my family founded LNS SA, a micro-enterprise active in the regional watchmaking market. Since then, my brother Yves, our Management and I have worked hard to grow our company, which has become a renowned international group that we are proud of."
Philippe Scemama, President and co-owner of LNS
Read more about LNS History
"The acquisition of LNS by Storskogen as a collaborative partner will offer us long term stability and allow us to accelerate our organic and external growth to penetrate new markets, to add new product families and to consolidate the fragmented machine tool peripheral market."
Gilbert Lile, CEO of LNS