Lifco acquires Cormidi of Italy
Lifco has signed an agreement to acquire a majority of the shares of the Italian company Cormidi SRL . The company is a leading manufacturer of mini dumpers and mini loaders. In 2020, Cormidi reported net sales of approximately MEUR 13. The company is based in Roccadaspide in Salerno, Italy and has 45 employees. Cormidi will be consolidated in Business Area Demolition & Tools. The transaction is expected to close during the first quarter of 2022, subject to relevant regulatory approvals. The acquisition will not have any significant