2022-02-03

Hultafors Group AB acquires leading manufacturer of telescopic ladders

Weibull M&A was the sellers’ advisor when Investment AB Latour, through its wholly owned subsidiary Hultafors Group AB, acquired 100% of the shares in Telesteps AB from Heim Holding AB.

Telesteps is a leading manufacturer of telescopic ladders for professional users. The company is headquartered in Tranås, Sweden, with sales spanning globally. Telestep’s net sales amount to approx. SEK 90 million in 2021 with a profitability that is on a par with Hultafors Group’s other operations.