Lifco acquires Blinken
Lifco has signed an agreement to acquire the majority of Blinken, a distribution business which provides instruments for measuring and correction data as well as consumables to the surveying and construction industries. Blinken operates in Norway and Sweden.
The operation will be consolidated in Business Area Systems Solutions, division Construction Material.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
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Lifco acquires and develops market-leading niched operations with the potential to deliver sustainable profit growth and strong cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco has a clear corporate philosophy which implies a long-term perspective, focus on profits and a highly decentralized organization. Lifco has 133 companies in 26 countries. In 2016, the Group’s net sales amounted to SEK 9 billion and the EBITA margin was 15%. For more information, visit www.lifco.se.