The Lesjöfors Group has signed an agreement to acquire India-based International Industrial Springs (IIS), increasing the global footprint of the Swedish headquartered spring and pressing manufacturer with its first acquisition in India.
The acquisition also strengthens the Lesjöfors Group’s growth trajectory with the addition of new product capabilities, building on Lesjöfors’ recognition of having the widest product portfolio in the industry.
Operating from six production plants across the Mumbai region, specializing in disc springs, washers and general springs, IIS serves a variety of domestic and international industries across the valve, energy, engineering and aerospace sector.
In addition, IIS also offers hot coiling capabilities, extending Lesjöfors’ hot coiling manufacturing capabilities to three dedicated locations across Europe and India.
With approximately 230 employees, the acquisition increases the Lesjöfors employee base to over 2600 worldwide. IIS has an annual revenue of EUR 8.5 million.
Lesjöfors CEO, Ola Tengroth, says: “IIS is our first acquisition in India and with Lesjöfors sites in Singapore, China and Thailand, this marks the Lesjöfors Group’s fourth entry into the Asia Pacific region, the largest spring region in the world.
IIS is a company with a strong entrepreneurial spirit, and it has shown impressive performances in recent years. With an established position across several of Lesjöfors’ key customer segments, IIS not only has an attractive and diversified customer base, it’s products also enhance our product portfolio, by strengthening our disc spring offering. We look forward to continuing to develop the company in the coming years.”
IIS’s CEO, Sumit Gala, will continue in his operational role after the acquisition and remain a minority owner. He concludes: “My family and I are proud of the company we have built, and we want to thank our employees, partners and customers. We see this as a natural next step for IIS and are happy that we have found a solid and long-term home for our company. We believe Lesjöfors is the perfect partner for us to continue our successful development and are certain that this will benefit all our stakeholders.”
Through the transaction, Lesjöfors has acquired 51 percent of the shares in International Springs and Stampings Private Limited with closing taking place in Q1 2025.
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Tamsin Loveless | Communications Manager
tamsin.loveless@lesjoforsab.com | +7855 798536
Notes to editors:
The Lesjöfors Group are world-leaders in spring and pressing manufacture. One of the largest spring corporations in the world, established in 1675 with spring manufacture commencing in 1852, the group’s product portfolio includes springs, gas springs, metal belts and pressings across an extensive range of wire sizes.
Committed to manufacturing excellence, reliability and customer service, their global spring manufacturing and technological development network, is dedicated to world-leading products.
With nearly 60 locations, Lesjӧfors provides a competitive environment dedicated to quality, accuracy, and customer satisfaction, delivering impact to every industry. Customers rely on their quality components and network, problem-solving agility, purchasing power and flexibility to extend their capabilities, guaranteeing the Lesjöfors Group as the trusted, premium partner for springs and pressings.
The Lesjöfors Group is owned by Beijer Alma a listed company on the Stockholm Stock Exchange.