Lifco acquires German dental laboratories
Lifco has signed an agreement to acquire City Dentallabor and Hohenstücken-Zahntechnik that offer dental prosthetics to dentists in Germany.
In 2016, the acquired operation reported net sales of approximately 1,3 MEUR. The business employs about 20 employees and will be consolidated in Business Area Dental.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
For more information please contact:
Head of Business Area Dental
Phone +46 70 840 00 63, E-mail firstname.lastname@example.org
Media and investor relations manager
Phone +46 730 244 872, E-mail email@example.com
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.