HOLMBERGS SAFETY SYSTEM HAS SIGNED AN AGREEMENT TO ACQUIRE SAFETY PLUS CO. LTD.
Holmbergs Safety System Holding AB (“Holmbergs”) has signed an agreement to acquire China based Safety Plus Co. Ltd. (“Safety Plus”). Safety Plus focuses on harness systems for Child Safety seats and has been a partner of Holmbergs for more than 10 years. The Holmbergs Group now produces more than 10 million harness systems for Child Safety seats per year and continues to deliver on its mission to save lives and minimize damages during transport and traffic. The acquisition is also in line with Holmbergs’ strategy of strengthening its position in the value chain as well as growing its presence on all worldwide markets.
Safety Plus is a leading manufacturer of high-quality child safety seat harnesses and anchoring systems. Established in 2004, Safety Plus has shown strong year over year growth and continues to invest in best-in-class manufacturing. Now, with more than 200 employees, diverse capabilities and inhouse engineering, SP is positioned to bring continued value to the market.
Matz Larsson, VP Strategic Projects, Holmbergs:
“Holmbergs and Safety Plus have consistently and successfully combined our technical strengths and business goals; making the highest quality products that protect children around the world.
Now that we have formally put our resources together and have become one company, we see synergistic developments that will increase our value to customers worldwide. This transaction is in line with our strategy to continue to grow our Safety business, both organically and through acquisitions of market leading niche players. Most importantly, we want to welcome Safety Plus to the Holmbergs’ family and we look forward to working with our new colleagues at Safety Plus.”
Holmbergs is an innovative global market leader in the growing niche markets of safety products and systems for child safety seats, as well as for the secured transportation industry. In 2019, Holmbergs pro-forma sales exceeded 63 million EUR. In partnership with FSN Capital, Holmbergs aspires to reinforce its strong market position in child safety and further accelerate international growth, primarily in Asia. Additionally, the company intends to continue to grow its adjacent Secured Transportation business, both through organic as well as inorganic initiatives.
For more information, please contact:
Matz Larsson, VP Strategic Projects at Holmbergs Safety System Holding AB,
+46 (0)70 458 66 60
Stefan Svensson, Business Director Child Safety at Holmbergs Safety System Holding AB,
+46 (0)70 548 43 23