LSAB Group acquires HDS Group GmbH

Investment AB Latour (publ) has, through its subsidiary LSAB Group, a part of Latour Industries, signed an agreement to acquire HDS Group GmbH.

LSAB Group will therefore strengthen its position on Europe´s largest wood market. HDS, established in 1999, is a manufacturer of sawblades and sawmill knives towards the sawmill industry. HDS has 64 employees, and the headquarters is situated in Remschied, Germany.

Through the acqusition of HDS, LSAB Group reinforces its position in Germany (which is the largest market of sawn wood in Europe) as well as broadening the total customer offer.

“Together with HDS, LSAB Group will strengthen its position as a European supplier towards sawmill industry. HDS is a well-run company, and we are exicted about them joining LSAB Group. We are convinced that the strength of HDS as a specialized manufacturer will be further reinforec by being a part of LSAB Group and having additional exposure to the markets where LSAB Group is operation”, says Hans Ekholm, CEO at LSAB Group AB.

HDS will be operating under the business sector Tooling. Marcus Wärring, CEO at Micor and Business Area Manager for Tooling comments:

“We are very pleased to welcome our new collegues to the Micor Tooling family. With this acquision we increase our capabilities and competence which will help us serve our customers even better in the future – Together we are stronger!”

The acquisition will be completed in January 2025.

Read more about HDS Group: https://www.hds-group.de/

Photo above from left: Andreas Hindrichs, CEO HDS Group GmbH, Marcus Wärring, CEO Micor and Hans Ekholm, CEO LSAB Group.