Lifco sells companies within Division Sawmill Equipment
Lifco has signed an agreement to sell the companies AriVislanda AB and Renholmen AB within Division Sawmill Equipment. The companies are acquired by the Gothenburg based industrial group Profura.
AriVislanda and Renholmen offer equipment to sawmills. The two companies had total net sales in 2015 of SEK 153 million and have 63 employees. The sale will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Division Sawmill Equipment is part of Business Area Systems Solutions. The Division’s net sales amounted to SEK 796 million in 2015 and Systems Solutions’ net sales amounted to SEK 2,892 million.
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Lifco acquires and develops market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco is guided by a clear philosophy centered on long-term growth, a focus on profitability and a strongly decentralised organisation. The Lifco Group comprises 133 companies in 28 countries. In 2015 the Group reported EBITA of SEK 1,186 million on net sales of around SEK 7.9 billion. The EBITA margin was 15.0 per cent. Read more at www.lifco.se