Lagercrantz

The company is located in Kållered near Gothenburg and has a strong position in Western Sweden with sales to large infrastructure projects as well as operation and maintenance of national and municipal road networks. PPV's annual turnover is approximately SEK 60 million with good profitability. For additional information about the company, please visit www.ppv.se.

"PPV will further strengthen Electrify's product portfolio within infrastructure and road safety. We see great potential in PPV's ability to develop, design and deliver quality products with high service levels to customers within road infrastructure," comments Peter Baaske, Division Manager Electrify.

"We look forward with confidence to welcoming Lagercrantz as the future owner of PPV. Lagercrantz represents a stable and long-term player with extensive experience that can assist in PPV's future development while preserving the company's core values and identity," comments Bo Ljungström, CEO of PPV AB.

Bo Ljungström will continue to lead the operations in the role of CEO of the company. PPV will be part of the Electrify division. The acquisition is expected to generate a minor positive contribution to the group's earnings per share.

Stockholm, February 7, 2025

Lagercrantz Group AB (publ)