Lifco acquires Danish operation that makes interiors for vehicles
Lifco has signed an agreement to acquire Sanistål’s Danish operation that produces interiors for vehicles. The acquisition makes Lifco the leading player in Denmark of interiors for vehicles.
In 2014, the acquired operation reported net sales of approximately 25 million DKK. It will be consolidated in the business area Systems Solutions. The acquisition will not have any significant effect on Lifco’s earnings per share in current financial year.
Lifco offers interiors for vehicles under the company name Modul-System. In the UK, the company also operates under the name of Tevo. Modul-System is one of the leading companies in the European markets where the company operates.
For more information please contact:
Phone +46 705 468 702
Media and investor relations manager
Phone +46 730 244 872
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 approximately 100 companies in 30 countries. In 2013, the Group’s net sales amounted to more than SEK 6 billion and the EBITA margin was 11.5%. For more information, visit www.lifco.se.
This information is made public January 14, 2015, at 8.00am according to the Securities Market Act, the Financial Instruments Trading Act and/or the regulations of the NASDAQ OMX Stockholm.