Lifco acquires Aura Electric in Norway
Lifco has signed an agreement to acquire a majority of the shares in the Norwegian company Aura Electric AS . The company is a manufacturer of low volt electrical supplies. In 2022, Aura Electric reported net sales of approximately NOK 38 million. The company is based in Kongsvinger, Norway and has ten employees. Aura Electric will be consolidated in Business Area Systems Solutions, division Construction Materials. Consolidation is expected to take place in March 2023. The acquisition will not have any significant effect on Lifco’s