Lagercrantz completed the acquisition of a 95% stake in Fireco.

Lagercrantz, a technology group that offers value-creating technical solutions, completed the acquisition of a 95% stake in Fireco, a manufacturer of fire door retainers well suited for buildings that need enhanced fire protection. Financial terms were not disclosed. “Partnering with Lagercrantz, who is a long-term and experienced owner, will provide a strong platform for Fireco’s continued development. I very much look forward to continuing as MD and together with the management team further grow the company," James Wheeler, Fireco Managing Director.