Lagercrantz has 28th of December 2023 acquired 86% of the shares in Diesel Power Finland Ltd., a leading manufacturer of generator sets for backup power solutions and fire sprinkler pumps in Finland. Diesel Power Finland has comprehensive experience in design, engineering, manufacturing, and service of reliable generator sets and fire sprinkler pump solutions. Generator sets are used to ensure the functionality of critical systems in the event of a power failure or at sites where access to the electric grid is impossible, and fire sprinkler pumps are used in extinguishing systems to ensures the availability of water in case of fire.
“Diesel Power Finland has a strong position in the Finnish market for generator sets and fire protection. Diesel Power Finland will complement our Swedish business R-CON Group and its product range. The future potential for growth in each country will improve with this broader offering in the segment for Safety and Fire Protection”, says Ann-Charlotte Andersson Vice President of Division TecSec.
“We are happy to welcome SDV to Lagercrantz Group and together further increase our footprint in Finland”, comments Marcus Käld, CEO of Lagercrantz Holding Oy.
“Partnering with Lagercrantz, who is a long-term and experienced owner, will provide a strong platform for Diesel Power Finland’s continued development and growth. I very much look forward to continuing as MD and together with the management team bring the company to the next level”, says Mika Peltola, Managing Director of Diesel Power Finland. The founding members and management team with Mika Peltola, Lauri Antila, and Markku Järvinen will continue in the company and retain 14% minority ownership in the company. Diesel Power Finland will be part of the TecSec Division as of December 2023.
For more information about Lagercrantz, please visit: https://www.lagercrantz.com/en