Lazarus acquires all shares in the aluminum die-casting company AGES Casting Unnaryd AB, which was previously part of the publicly listed group AGES Industri AB.
AGES Casting Unnaryd AB specializes in manufacturing components made from die-cast aluminum. In the fiscal year 2024, the company generated revenue of 500 MSEK and has established long-term customer relationships with major players in the automotive industry.
During 2024, AGES Casting Unnaryd underwent a transformation process involving streamlining operations and changes in its customer structure. With Lazarus as its new owner, the company is now ready to take the next step in its development and further strengthen its market position.
“It is gratifying that the efforts made have yielded the desired results, and we can confidently hand over AGES Casting Unnaryd to new owners for continued development,” says Anders Magnusson, CEO of AGES Industri AB.
“Lazarus has extensive experience both in improvement processes for manufacturing companies and in assisting large corporations with strategically motivated divestments. This exciting deal is perfectly aligned with our investment focus. After getting to know the operations at AGES Casting Unnaryd, we have been impressed by the employees’ hard work in transforming the business after some challenging years. Today, the company holds a very interesting market position, and we see great opportunities to further develop the business together with its customers. We look forward to soon taking over as the new owner of AGES Casting Unnaryd and continuing the successful transformation work that has already begun,” says Yann Blandy, Partner at Lazarus Industriförvaltning AB.
The transaction is expected to close on March 3, 2025, and, subject to the necessary approvals, AGES Casting Unnaryd will become the ninth company in the Lazarus family.
