AFRY press release generic image

ÅF acquires strategic automotive competences

Tue, 02/10/2015 - 08:01
Regulatory
Jonas Wiström, President and CEO                  +46 70 608 12 20
Fredrik Nylén, President Technology Division      +46 73 028 31 58
Viktor Svensson, Executive Vice President,        +46 70 657 20 26
Marketing and Sales


ÅF acquires LeanNova Engineering with 200 employees based in Trollhättan,
Gothenburg, Coventry and Shanghai. Together, ÅF and LeanNova form the leading
and most complete automotive engineering services provider in Sweden.

The company was founded in 2012 by management with the support of
Fouriertransform and is delivering good growth with solid underlying
profitability. The revenues of the company amounted to approximately SEK 250 m
during 2014.

"Through the transaction, ÅF acquires a unique team of experienced engineers
with OEM heritage", says Jonas Wiström CEO of ÅF. "The automotive teams of ÅF
and LeanNova complement each other well. The combined entity will be able to
meet the increasing demand from the automotive customers for complete work
packages to both light and heavy vehicles.".

"We are looking forward to being part of ÅF", says Tomas Camén, CEO and co-
founder of LeanNova. "Many at LeanNova have worked together for a long time at
the engineering department at Saab Automobile before joining LeanNova. I am sure
we will be able to contribute to ÅF based on our proven track record and
relations with customers inside and outside of Sweden."

"It is very gratifying to see a strong industrial owner getting involved and
enabling the continued expansion of the company. ÅF will now bring an industrial
structure and stability, which can accelerate LeanNova's continued development"
says Per Nordberg, CEO of Fouriertransform.

LeanNova will be part of the Technology Division and will constitute an
instrumental platform for the further development of the automotive engineering
operation within ÅF.

Corporate Information
ÅF AB

ÅF is an engineering and consulting company for the energy, industrial and
infrastructure markets, creating progress for our clients since 1895. By
connecting technologies we provide profitable, innovative and sustainable
solutions to shape the future and improve people's lives.  Building on our
strong base in Europe, our business and clients are found all over the world.

ÅF - Innovation by experience


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