Midway

HAKI Safety has signed an agreement to divest Landqvist Mekaniska Verkstad, the remaining portfolio company from the group’s time as a conglomerate. The buyer is the Swedish industry group Opima. The total purchase price amounts to SEK 70 M on a debt-free basis, including customary working capital adjustments, of which SEK 20 M is an additional purchase price based on the company’s financial performance in 2025. The transaction will not have any significant impact on the group's profit after tax. The group's cash flow and net debt will be affected positively by the amount corresponding to the purchase price. The transaction is expected to be finalised during the second quarter of 2025.

Landqvist Mekaniska Verkstad is a mechanical engineering company specialising in metal machining and contract manufacturing, primarily serving Swedish industries. In 2024, it had annual sales of approximately SEK 78 M and an operating profit of SEK 9 M. The operation is in Fåglum, Sweden, and has 30 employees.

Sverker Lindberg, President and CEO of HAKI Safety, says: “Landqvist has been part of the HAKI Safety group since 2012 and has served us well. However, with our full focus on safety products and solutions that aim to create safe conditions for everyone working in challenging environments, the operation does not align with the HAKI Safety we are currently building. I am therefore very pleased to be able to communicate this transaction, and I wish the operation, its management, and new owners all the best in the future”.

As communicated in HAKI Safety’s interim report for the fourth quarter of 2024, a strategic review was initiated for the remaining portfolio company in January 2025, with divestment being one of the options. With the divestment, HAKI Safety will consist entirely of operations within work zone safety, scaffolding systems, and digital and technical solutions.