The Lesjöfors Group has signed an agreement to acquire India-based International Industrial Springs (IIS), increasing the global footprint of the Swedish headquartered spring and pressing manufacturer with its first acquisition in India.
The acquisition also strengthens the Lesjöfors Group’s growth trajectory with the addition of new product capabilities, building on Lesjöfors’ recognition of having the widest product portfolio in the industry.
Operating from six production plants across the Mumbai region, specializing in disc springs, washers, and general springs, IIS serves a variety of domestic and international industries across the valve, energy, engineering, and aerospace sectors.
In addition, IIS also offers hot coiling capabilities, extending Lesjöfors’ hot coiling manufacturing capabilities to three dedicated locations across Europe and India.
With approximately 230 employees, the acquisition increases the Lesjöfors employee base to over 2600 worldwide. IIS has an annual revenue of EUR 8.5M.
Through the transaction, Lesjöfors has acquired 51% of the shares in International Springs and Stampings Private Limited with closing taking place in Q1 2025.
