Lagercrantz Group AB (publ) (OM:LAGR B) signed a purchase agreement to acquire over 90% stake in schmitztechnik gmbh from Eriks NV on December 20, 2018. The remaining over 9% stake will still be held by the MD Dirk Maubach. Schmitztechnik Gmbh will be a part of Lagercrantz Electronics division. Schmitztechnik Gmbh reported an annual revenue of approximately €6.7 million. The transaction is expected to close in January 2019. The acquisition is expected to generate a small positive addition to Lagercrantz Group's earnings per share on an annual basis. Florian von Alten, Mads Thomsen and Marc van de Put of Oaklins acted as financial advisor to Eriks NV. Lagercrantz Group AB (publ) (OM:LAGR B) completed the acquisition of 90% stake in schmitztechnik gmbh from Eriks NV on January 14, 2019.