THE MICROTECHNOLOGY INFORMATION PORTAL/THE SHOW
28.12.2021
LNS Group goes into Swedish hands
The Orvin-based company, specializing in peripherals for machine tools, is acquired by Storskogen.
LNS was founded in 1973. During its nearly five decades of existence LNS has evolved into a global leader of world class automation peripherals and services, through regional and product family diversification. LNS has nine production sites in all major regions around the globe and a sales network spanning 65 representations in 31 countries. The company is headquartered in Orvin, Switzerland.
Upon completion of the acquisition, LNS will be included in the vertical Automation within Storskogen’s business area Industry. This sector comprises 26 business units and has a total of 2190 employees at the end of the third quarter of 2021.
LNS’ management team under the leadership of its CEO Gilbert Lile will remain in place after the closing of the transaction and will continue to serve LNS' customers based on the company's mission, vision, values, and DNA.
Read the press release.