# HANZA acquires Leden Group for up to EUR 50 million

HANZA AB signed an agreement to acquire 100% of Leden Group, a Finnish contract manufacturer in sheet metal, machining and complex assembly, with a turnover of approximately SEK 1.1 billion. The purchase price consists of EUR 21 million cash and 2,300,000 HANZA shares valued at EUR 14 million, with potential earn-out up to EUR 15 million.

- Type: Acquisition
- Announced: 2024-12-12
- Where: Finland
- Value: $52.5M (50.0M EUR)
- Status: announced
- Products: sheet metal, machining, complex assembly, steel profiles
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [HANZA AB](https://endata.com/companies/15172.md) (acquirer)
- [Leden Group](https://endata.com/companies/81723.md) (target)

## Sources

- [hanza.com](https://hanza.com/investor/pressreleases/hanza-acquires-leden-a-billion-sek-finnish-manufacturer/), 2024-12-12: "HANZA AB has today signed an agreement to acquire Leden Group, a leading Finnish company in advanced mechanics manufacturing with a turnover of approximately SEK 1,1 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.