case / 04 Sep 2014

Setterwalls has assisted Oetiker Group when it acquired Levi Peterson

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Setterwalls has assisted Oetiker Group, a leading international manufacturer of connecting solutions in the automotive industry, when it acquired the entire share capital of Smalland AB, the parent company of Levi Peterson Group. Levi Peterson Group – this year celebrating its 100th year of existence – develops, manufactures and markets straps and V-clamps mainly for the heavy vehicles market. Levi Peterson Group is headquartered in Anderstorp, Sweden, and has a second production facility in Lithuania (Druskininkai) and sales offices in the US, Germany and Belgium.

The Group generates sales of EUR 16 million with a workforce of around 120 employees. Founded in Horgen, Switzerland in 1942, the Oetiker Group serves customers in over 70 countries and is a global leader in clamping and connection solutions. Oetiker designs, manufactures and distributes clamps, rings and quick connectors as well as appropriate assembly solutions. Oetiker’s connecting solutions can be found in Automotive and Industrial applications. The Oetiker Group is a privately held company with more than 1 200 employees worldwide in over 20 locations across Europe, Asia, and the America’s. In 2013, the company generated sales of EUR 175 million.

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