Changes in the outside world can rapidly affect developments within various sectors. With specialist expertise in fields such as cutting machining, laser welding and additive manufacturing, the operations within the Precision Technology business unit can offer manufacturing services for technically demanding customers within a variety of sectors.
Growth within new sectors
LK Precision and Modellteknik are two of the companies in the business unit, with medical technology and automotive as traditionally dominant sectors. Both have also been working within the defence segment for a long time. Growth has increased in this area in recent years.
“We have had customers within the defence industry for many years, but the volumes have been at a fairly low level. After several years of growth within medical technology, we are currently noticing more normalised demand in that segment. However, developments within the defence sector are looking considerably brighter,” says Fredrik Mossberg, CEO of LK Precision.
“With our profile, we find it difficult to compete in basic assignments. We are looking for complex products, and the demands are particularly high within the defence industry,” continues Fredrik Mossberg.
The business unit is also home to Modellteknik, which has been working with customers linked to the defence industry since the 1990s. The efforts within this area were intensified ten years ago. While many other sectors were perceived as hard to assess, there was greater stability in the forecasts from the defence customers.
“We wanted to create a more stable foundation in the organisation, and therefore familiarised ourselves with various niches within the defence industry. This is now home to our single largest customer. Both projects and collaborations are long-term in nature, and the forecasts are looking good going forward,” says Johan Tegnemo, Technical Sales Manager at Modellteknik.
