Lagercrantz completed the acquisition of a 93% stake in Waterproof Diving International.

Lagercrantz, a technology group, completed the acquisition of a 93% stake in Waterproof Diving International, a provider of advanced dry- and wetsuits to professional divers. Financial terms were not disclosed. “Waterproof has the market’s most innovative and highest quality diving suits and has thereby gained a large group of devoted customers among those who work with diving or that have diving as their main hobby. Waterproof is extremely good at product development where the company has established several new standards and won several international design awards. We are a strong believer in the company’s continued international growth,” Jonas Ahlberg, Waterproof Head of the Niche Products division.