AF acquires electronic engineering company LBP in Switzerland to strengthen and expand on its current presence in the country.
LBP focuses solely in electrical engineering for traffic infrastructure on roads and tunnels. The services they provide include project planning and construction management of electro-mechanical systems, mainly in the field of high-performance roads throughout Switzerland. LBP also specialises in tunnel safety.
”We look forward to welcoming LBP to ÅF, and to increasing our joint capacity for commitments within traffic infrastructure. The acquisition is in line with our strategy to grow in Switzerland - one of our core markets, and to increase customer value through cross-functional competence”, says Jonas Gustavsson, President and CEO of ÅF.
”Together with ÅF we will continue develop our solutions and we look forward to offering our customers a broader range of services. For our employees, the acquisition brings increased opportunities in terms of interesting projects and continuous competence development,” says Urs Lenz, CEO of LBP.
Based in Switzerland, LBP has 17 employees and in 2017, had net sales of approximately 24 MSEK. The company was consolidated in AF as per July 2018.