Lifco acquires Norwegian Elit AS
Lifco’s subsidiary Cenika has signed an agreement to acquire Norwegian Elit AS, a wholesaler of equipment for electric installations and power generation.
The operation was founded in 1997 and is located in Gjerdrum, Norway. In 2016, Elit reported net sales of approximately 38 MNOK. The company employs ten people and will be consolidated in Business Area Systems Solutions, division Construction Material.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Please visit www.elit.no for further information.
For more information please contact:
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 133 companies in 26 countries. In 2016, the Group’s net sales amounted to SEK 9 billion and the EBITA margin was 15%. For more information, visit www.lifco.se.
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