Lifco acquires Geax in Italy
Lifco has signed an agreement to acquire a majority of the shares in the Italian company Geax srl. The company is a niche manufacturer of compact piling rigs. In 2022, Geax reported net sales of approximately EUR 15 million. The company is based in Montefano, Italy and has 26 employees. Geax will be consolidated in Business Area Demolition & Tools. Consolidation is expected to take place in the second quarter of 2023. The acquisition will not have any significant effect on Lifco’s earnings or financial position in the current financial year.