Lifco has signed an agreement to acquire all of the shares in the UK company Alwayse Engineering Ltd. The company is a global supplier of ball transfer units and other ball unit solutions.
In 2022, Alwayse Engineering reported net sales of approximately GBP 5.6 million. The company is based in Birmingham, UK and has 41 employees. Alwayse Engineering will be consolidated in the Systems Solutions business area, division Service and Distribution. Consolidation is expected to take place in March 2023.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Please visit www.alwayse.co.uk for more information.
For more information please contact:
CEO and President Lifco
Media and investor relations manager
Phone +46 730 244 872, e-mail email@example.com
Lifco offers a safe haven for small and medium-sized businesses. Lifco’s business concept is to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. Lifco is guided by a clear philosophy centred on long-term growth, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At year-end 2022, the Lifco Group consisted of 211 operating companies in 30 countries. In 2022, Lifco reported EBITA of SEK 4.7 billion on net sales of SEK 21.6 billion. The EBITA margin was 21.6 per cent. Read more at www.lifco.se.