Beijer Alma’s active ownership strategy is based on creating profitable growth organically and through acquisitions. In recent years, this strategy has most clearly been manifested through the group’s largest subsidiaries, Lesjöfors and Beijer Tech, which is why the company carried out a strategic review of Habia Cable this spring. During the process, considerable interest in the business has been shown by both industrial and financial actors. The divestment of Habia Cable will strengthen the group's strategic focus on profitable growth and development of the remaining operations. Beijer Alma will, through the capital gain from the divestment of approximately SEK 325 million, lower its net debt and strengthen its financial profile to ensure continued room for value creation through investments and acquisitions within both Lesjöfors and Beijer Tech.

"Beijer Alma has owned Habia Cable since 1985 and by handing over the baton to a new industrial and long-term owner, we strengthen our strategic focus as an active owner in both Lesjöfors and Beijer Tech. Combined with a strengthened financial profile, the group is now well positioned to continue to support the robust underlying business within Lesjöfors through investments and strategic add-on acquisitions, as the recently announced acquisition of John Evans’ Sons, paired with continued value-creating acquisitions and investments in attractive industrial niches through Beijer Tech. At the same time, the transaction gives the group flexibility to take advantage of new growth opportunities in-line with the group's strategy. I am also pleased that Habia Cable gets an industrial owner in HEW-KABEL, which I am confident will give Habia Cable the right conditions for continued growth as a key player within its niche", says Beijer Alma’s President and CEO, Henrik Perbeck.

The transaction is expected to be completed during the third quarter 2022 and is subject to customary terms and conditions.