Lifco acquires Next Hydraulics Srl in Italy
Lifco has signed an agreement to acquire a majority of the shares in Next Hydraulics Srl . The company is a leading manufacturer of telescopic cranes mainly used on light vehicles and produces also stabilizers for vehicles. Next Hydraulics has 43 employees and reported net sales of approximately MEUR 21 in 2020. The company is based in Boretto, Italy. Next Hydraulics will be consolidated in Business Area Systems Solutions, division Service and Distribution. Consolidation is expected to take place in July, 2021.The acquisition will not have