The Shaughnessy Report: Watt About Power Integrity?
Global PCB Connections: Understanding Your Fabricator’s Capabilities (or Niche)
Elementary Mr. Watson: Chasing Checkmarks, Not Signal Integrity
HANZA Completes Leden Group Oy Acquisition; Broadens Customer Base and Strengthens Mechanical Expertise
March 3, 2025 | HANZAEstimated reading time: 1 minute
HANZA AB has completed the acquisition of the Finnish billion SEK company Leden Group Oy, a leading player in advanced mechanical manufacturing. Through the acquisition, HANZA strengthens its market position and mechanical expertise in Finland and Estonia and broadens its customer base.
Strategic background
HANZA's acquisition strategy is based on identifying financially stable companies with a strong corporate culture and complementary expertise. The acquisition is part of the "HANZA 2025" strategy, which aims to expand the business in existing geographies and technologies in Europe.
Leden Group has approximately 600 employees and five production facilities - four in Finland and one in Estonia. The company has annual sales of approximately SEK 1.1 billion and long-term customer relationships in areas such as energy storage, energy distribution and industrial automation. The acquisition means that HANZA strengthens its offering in sheet metal mechanics, machining and complex assembly.
"Leden Group fits perfectly into our strategy and significantly strengthens our offering. In the customer dialogues we had prior to closing, we have received remarkably positive feedback from both existing and new customers about the deal, and we look forward to further developing the collaboration" says Erik Stenfors, CEO of HANZA.
"We look forward to becoming part of the HANZA family. Together we can create even more cost-effective solutions for our customers and drive more growth - for them and thus for us," says Jukka Haapalainen, CEO of Leden Group.
The deal in brief
- Purchase price: EUR 21 million in cash + 2.3 million newly issued shares in HANZA
- Earn-out: Up to EUR 15 million based on Leden's performance in 2025, and up to 300,000 shares depending on HANZA's share price development in 2025.
- Financing: Credit facilities and existing cash
- Lock-up: The newly issued shares are subject to customary lock-up clauses
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Nomination Committee Appointed for HANZA AB's 2026 Annual General Meeting
10/09/2025 | HANZAAccording to a decision at HANZA AB's most recent Annual General Meeting, a Nomination Committee consisting of four members, including the Chairman of the Board, shall be appointed by the three largest shareholders or shareholder groups in terms of voting rights.
HANZA Completes Acquisition and Expands Capacity for the Defense Industry
10/02/2025 | HANZAHANZA AB has completed the acquisition of Milectria, a leading contract manufacturer of electrical systems for the defense industry.
HANZA Accelerates the LYNX Program Through Acquisition of Defense Manufacturer
07/18/2025 | HANZAHANZA AB has signed an agreement to acquire the contract manufacturing division of Milectria, a group of companies focused on the defense sector.
Increase in Share Capital and Number of Shares in HANZA
04/03/2025 | HANZAOn March 3, HANZA completed the acquisition of Leden Group Oy. Part of the purchase price consisted of 2,300,000 newly issued shares in HANZA AB.
HANZA Acquires Outstanding Shares in Leden Subsidiary
03/19/2025 | HANZAOn March 3, 2025, HANZA AB completed the acquisition of 100% of the shares in the Finnish group Leden Group Oy. Leden also owned approximately 90% of the subsidiary Leden Estonia AS, and HANZA has acquired the remaining shares, which means that the company becomes a wholly owned subsidiary.