Lifco acquires Norwegian Elit AS

Lifco’s subsidiary Cenika has signed an agreement to acquire Norwegian Elit AS, a wholesaler of equipment for electric installations and power generation.  

The operation was founded in 1997 and is located in Gjerdrum, Norway. In 2016, Elit reported net sales of approximately 38 MNOK. The company employs ten people and 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.

Please visit www.elit.no for further information.

For more information please contact:

Åse Lindskog  
Media and investor relations manager
Phone +46 730 244 872, E-mail
ir@lifco.se

About Lifco

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.

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About Us

Lifco offers a safe haven for small and medium-sized businesses. Lifco’s business concept is to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. Lifco is guided by a clear philosophy implying that the company has a long-term view on its holdings, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At the end of 2017 the Lifco Group consisted of 138 operating companies in 29 countries. In 2017 Lifco reported EBITA of SEK 1,732 million on net sales of SEK 10.0 billion. The EBITA margin was 17.3 per cent. For more information, visit www.lifco.se.

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Quick facts

Elit AS is a wholesaler of equipment for electric installations and power generation. The operation was founded in 1997 and is located in Gjerdrum, Norway. In 2016, Elit reported net sales of approximately 38 MNOK. The company employs ten people and will be consolidated in Business Area Systems Solutions, division Construction Material.
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