A partnership for growth
Kristian Floresjö (CEO, Cascade Drives) and Roger Berggren (CEO, Leax Group).
PRESS RELEASE
Cascade Drives AB (publ) and LEAX Group AB (publ) have signed a Letter of Intent (LOI) to forge a powerful operational collaboration. This partnership will leverage both companies' expertise in linear motion for mobile applications and the innovative manufacturing of transmission components.
Moreover, LEAX will assist Cascade Drives in accelerating the assembly process to meet the rising demands of production volumes effectively and efficiently.
"We are excited to enter this partnership, which will play a crucial role in scaling up our production. Increasing volumes while maintaining product quality is challenging, but we are confident in growing our business alongside a reputable and experienced partner like LEAX," says Kristian Floresjö, CEO of Cascade Drives.
Roger Berggren, CEO of LEAX Group, adds, “We have been following Cascade's development for some time and are impressed by their progress. LEAX, along with its group of companies, has the capabilities to produce the variety of high-quality components required for Cascade's wide range of applications."
More information
Kristian Floresjö, CEO, Cascade Drives
kristian.floresjo@cascadedrives.com, +46 70-355 66 70
About Cascade Drives
Cascade Drives AB is a Swedish developer and manufacturer of linear actuators based on a patented load-sharing mechanism that enables hydraulic replacement. With a dedicated, customer-oriented team, Cascade Drives has designed and delivered electromechanical actuators for a wide variety of demanding applications within the industrial, material handling, and commercial vehicle steering systems industries. Thanks to the patented load-sharing mechanism, Cascade Drives' electromechanical actuators can withstand severe shock loading, a key feature in heavy-duty applications.
About LEAX
LEAX Group AB (publ) is the parent company of a group (“LEAX Group”) with about 1,100 employees. LEAX has operations in Köping, Falun and Falköping in Sweden, Riga and Rezekne in Latvia, Curitiba in Brazil, Detmold in Germany, Mezökövesd in Hungary and Wuxi in China. The Group designs, develops and industrializes advanced manufacturing solutions and superior products for global mobility and industrial markets. The Group had sales of SEK 2.2 billion in 2023.
