Lifco acquires Prolec in the UK
Lifco has signed an agreement to acquire all shares of the UK company Prolec Ltd from James Fisher and Sons plc. Prolec is a niche developer of software and hardware solutions for the construction industry. In 2021, Prolec reported net sales of approximately GBP 4 million. The company is based in Poole, United Kingdom and has 15 employees. Prolec will be consolidated in the Business Area Demolition & Tools. Consolidation is expected to take place in December, 2022. The acquisition will not have any significant effect on Lifco’s