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.

Please visit www.geax.it 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 2022, the Lifco Group consisted of 211 operating companies in 30 countries. In 2022, Lifco reported EBITA of SEK 4.7 billion on net sales of SEK 21.6 billion. The EBITA margin was 21.6 per cent. Read more at www.lifco.se.