2019 Lundgrens Sverige AB bought the Norwegian company Codan AS. The company has now changed name to Lundgrens Norge AS. During 2019 has also a new IT-system been installed in Norway. This will enable and enhance the cooperation between Lundgrens Norway and Lundgrens Sweden. The acquisition of Codan AS is an important milestone for Business Area Fluid Technology and Lundgrens.
Through the acquisition, Lundgrens establishes itself on the Norwegian market with its wide assortment of hoses, couplings and industrial rubber and becomes a leading Nordic wholesale business with great development potential.
With the latest acquisitions the business area fluid technology will have a turnover of approximately 500 MSEK and Beijer Alma 4.700 MSEK.