Cascade Drives AB (publ) and LEAX Group AB (publ) have signed a letter of intent on a strategic collaboration. The partnership will combine both companies' expertise in linear motion solutions for mobile applications and advanced manufacturing of transmission components.
LEAX will also support Cascade Drives in streamlining the assembly process to meet the increasing demand for production volumes.
“We are pleased about this partnership, which will be crucial for scaling up our production. Increasing volumes while maintaining high product quality is a challenge, but we are confident in growing together with an experienced partner like LEAX,” says Kristian Floresjö, CEO of Cascade Drives.
“We have followed Cascade's development for some time and are impressed by the progress. LEAX and our companies have the capacity to produce the high-quality components required for Cascade's broad range of applications,” says Roger Berggren, CEO of LEAX Group.
Contact
Kristian Floresjö, CEO Cascade Drives – kristian.floresjo@cascadedrives.com, +46 70-355 66 70
About Cascade Drives
Swedish company Cascade Drives develops and manufactures linear actuators based on a patented load-distribution mechanism that can replace hydraulics. The company supplies electromechanical actuators for demanding industrial, material handling and vehicle applications where high shock resistance is critical.
About LEAX
LEAX Group has around 1,100 employees and operations in Sweden, Latvia, Brazil, Germany, Hungary and China. The group offers advanced manufacturing solutions and products for global mobility and industrial markets and had revenue of SEK 2.2 billion in 2023.
