AMF invests SEK 300 million in LEAX Group

4 April 2022

AMF has entered into an agreement to invest SEK 300 million in LEAX Group AB, which corresponds to around 29 percent of the shares in the company. LEAX Group is a Swedish industrial company with operations on three continents that offers development, industrialization and manufacturing of advanced components and subsystems in industrial applications. The investment is made in preference shares that can be converted into ordinary shares at a future stock exchange listing.

– We have followed LEAX for a number of years and have been impressed by their rapid growth and development. LEAX is a highly interesting company with an important position in Swedish industry, where they contribute not least to the Swedish automotive industry’s global success. We look forward to the opportunity for AMF and our savers to participate in LEAX’s continued journey, says Anders Oscarsson, share manager and owner responsible for AMF.

LEAX Group is a fast-growing, privately owned, group of companies originating in Köping. Since the mid-1980s, the company has grown by an average of over 20% per year. They currently have a turnover of just over SEK 1.7 billion on an annual basis and have around 1,200 employees.

– AMF has good opportunities to invest long-term in unlisted companies with a clear potential to continue to grow and develop. We have the financial strength required to guide the companies forward, and we can contribute with experience from previous commitments. This type of investment broadens our portfolio, spreads our risks and strengthens our opportunities to give our pension savers a good return over time, says Tomas Flodén, Head of Asset Management at AMF.

LEAX supplies components and subsystems to five end markets, and has operations on three continents. LEAX’s largest individual customers are Scania and Volvo Cars / Polestar. LEAX has previously announced its ambition to list the company on the stock exchange.

Source: AMF