Investment AB Latour has, through its subsidiary LSAB Group AB, a part of Latour Industries AB, signed an agreement to acquire HDS Group GmbH. The acquisition will be completed in January 2025.
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 Remscheid, Germany. Revenue 2023 was Euro 9.8 million and historical financial performance is in line with Latour’s financial targets.
LSAB is a leading provider of tools and services related to chip making in the wood and metal industries. Today LSAB have their own operations in six countries and export to another 40 countries around the world. Through the acquisition of HDS, LSAB Group reinforces its position in Germany (which is the largest market for sawn wood in Europe) as well as broadening the total customer offer.
"Together with HDS, LSAB will strengthen its position as a European supplier towards sawmill industry. HDS is a well-run company, and we are excited about them joining LSAB group. We are convinced that the strength of HDS as a specialized manufacturer will be further reinforced by being a part of LSAB and having additional exposure to the markets where LSAB is operating”, says Hans Ekholm, CEO at LSAB Group AB.
