Lagercrantz Group Acquired Majority Stake in bf1systems
The Swedish firm purchased 88% of the UK-based electronics and sensing manufacturer.
Updated on Sept. 22, 2026 in Professional Services
Live Poll
Do you believe being acquired by a larger group typically helps a smaller company grow?
Lagercrantz Group AB has secured an 88% majority stake in the Norfolk-based manufacturer bf1systems. The transaction, known as Project Silverstone, integrates the company into the acquirer’s Control Division.
Why it matters
The deal marks a strategic expansion for Lagercrantz Group as it absorbs the sensing and electronics capabilities of the long-standing UK firm. By retaining a minority stake, the existing leadership remains invested in the future trajectory of the business.
Lagercrantz Group AB acquired an 88% majority stake in the Diss-based firm, leaving directors James Welham and James Shingleton with the remaining 12% interest.
The players
Lagercrantz Group AB
This Sweden-based technology group specializes in offering value-adding solutions in electronics and communication.
bf1systems
Based in Diss, Norfolk, this company manufactures specialized electronics and sensing technology for various industries.
Mills & Reeve
This law firm provided legal counsel for the sale of bf1systems.
James Hunter
He is the lead attorney from Mills & Reeve who managed the legal advisory team during the acquisition process.
The details
The transaction was facilitated by legal advisors from Mills & Reeve, led by James Hunter, who advised both the management team and growth capital investor BGF. As part of the acquisition, bf1systems will now operate within the Control Division of the Lagercrantz Group.
Timeline
bf1systems was originally founded in 1994.
The acquisition was officially announced on September 22, 2026.
Market Landscape
This acquisition follows the internal framework established by Project Silverstone, highlighting the ongoing consolidation within the specialized electronics manufacturing sector. It positions Lagercrantz Group to compete more effectively by integrating proven sensing technology into its existing Control Division.
The transition into the Lagercrantz Group’s Control Division is expected to maintain current operational standards for existing clients and partners. Customers of bf1systems should anticipate business as usual as the company continues its electronics manufacturing activities under new majority ownership.
The takeaway
The retention of a 12% stake by the company directors suggests a planned continuity for the long-standing manufacturer. Clients can look for potential service expansions as the firm leverages the resources of its new parent company.
Further reading
For more insights into industry consolidation, visit the /business/industry/professional-services/ section.
Source note: This article includes information reported by Business Weekly.
Live Poll
Do you believe being acquired by a larger group typically helps a smaller company grow?
