April 7, 2026
Opportunity to accelerate growth alongside Swedish tech giant
Michael Smith Switchgear will continue its ambitious growth plans after being acquired by one of Northern Europe’s leading tech groups.
The Leicester-based supplier of customised low-voltage switchgear solutions is the tenth UK business to be bought by Lagercrantz Group AB in its UK network and the first from the UK within its Electrify Division.
“We are delighted to be joining Lagercrantz and embarking on the next phase of our company’s development with a long-term and stable owner who shares our values and ambitions,” said managing director Sean Smith.
MSSL was founded in 1985 and has developed a reputation for its technical expertise, high quality standards, and sustainability. The company has annual revenues of around £8million and employs more than 50 people from its base on the Braunstone Frith Industrial Estate.
It last year received the King’s Award for Enterprise for Sustainable Development after reducing carbon emissions by more than 60% over just seven years. More recently, MSSL won Environmental Product of the Year at the Data Centre World Awards in recognition of R&D work on its LV switchgear products.
The MSSL management team, of Sean Smith and Emily Smith, will continue to lead the company within the Electrify division of the Lagercrantz Group.
Emily Smith, Operations and Finance Director, said: “We will keep on developing the approach that has made MSSL such a success - with the additional benefit of Lagercrantz’s support. It’s a great opportunity for our company, team, suppliers, and clients to continue growing together.”
Lagercrantz Group is a listed tech group which buys and builds businesses offering world-leading, value-creating B2B technology. The Group consists of more than 80 companies, each with a focus on a specific niche. Based in Sweden, it is active in Europe, the US, China and India. In total, the group has approximately 3,600 employees and annual revenues of around £800million.
“The acquisition of Michael Smith Switchgear is an excellent addition to the Electrify division,” said Daniel Andersson, Head of Division Electrify. “Michael Smith Switchgear operates in an attractive niche with strong fundamentals, and we look forward to supporting a very competent team in the next phase of their development.”
Michael Smith Switchgear is a developer and manufacturer of bespoke low-voltage switchgear and electrical distribution assemblies. It serves customers across the UK industrial, commercial and infrastructure sectors, including data centres and other large buildings.
