Lifco acquires Cangini Benne of Italy

Lifco has signed an agreement to acquire a majority of the shares of the Italian company Cangini Benne SRL. The company is a leading manufacturer of attachments for excavators and front loaders.

In 2020, Cangini Benne reported net sales of approximately MEUR 35. The company is based in Sarsina, Italy and has 115 employees. Cangini Benne will be consolidated in Business Area Demolition & Tools and consolidation is expected to take place in April, 2021.

The acquisition will not have any significant effect on Lifco’s earnings or financial position in the current financial year.

Please visit www.canginibenne.com for more information.

For more information please contact:

Per Waldemarson

CEO and President Lifco

E-mail per.waldemarson@lifco.se

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

About Lifco

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 centred on long-term growth, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At year-end 2020, the Lifco Group consisted of 175 operating companies in 31 countries. In 2020, Lifco reported EBITA of SEK 2,702 million on net sales of SEK 13.8 billion. The EBITA margin was 19.6 per cent. Read more at www.lifco.se.

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