Lifco acquires Auger Torque Group

Lifco has signed an agreement to acquire Auger Torque, a leading global manufacturer of earth drills and other attachments for cranes and excavators.

In 2014, Auger Torque reported net sales of approximately 10 million GBP. Auger Torque will be consolidated in Kinshofer, a part of the business area Demolition & Tools. The acquisition will not have any significant effect on Lifco’s earnings per share in current financial year.

With the acquisition, Kinshofer adds a new product segment and will get access to an important distribution channel in especially UK, Australia, USA and China.

Auger Torque is a British family business, founded in 1998. The company has customers in more than 70 countries and has 107 employees. Auger Torque’s major customer group is small and mid-size contracting businesses. The largest manufacturing sites are based in UK, China and Australia.

For more information please contact:

Thomas Friedrich

CEO Kinshofer

Phone +49 8021 8899 1100

E-mail t.friedrich@kinshofer.com

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 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 February 4, 2015, at 8.00am according to the Securities Market Act, the Financial Instruments Trading Act and/or the regulations of the NASDAQ OMX Stockholm.

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