Lifco acquires Smilodent
Lifco has signed an agreement to acquire the German dental company Smilodent. The company imports dental prosthetics that are offered to dentists in Germany.
In 2014, Smilodent reported net sales of approximately 4.8 MEUR. The company will be consolidated in Business Area Dental. The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Smilodent is located in Essen, Germany and employs approximately 20 people.
For more information please contact:
Head of Business Area Dental
Phone +46 70 840 00 63
Media and investor relations manager
Phone +46 730 244 872
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 118 companies in 28 countries. In 2014, the Group’s net sales amounted to SEK 6.8 billion and the EBITA margin was 14.2%. For more information, visit www.lifco.se.