Lifco has signed an agreement to acquire a majority of the shares in BCC Solutions Oy. The company is a supplier of optical transceivers, fiber cabling, multiplexers, media converters, test and measurement instruments, mainly for the Finnish fiber installation market.
BCC Solutions has nine employees and reported net sales of approximately MEUR 11 in 2021. The company is based in Vantaa, Finland. BCC Solutions will be consolidated in Business Area Systems Solutions, division Construction Material. Consolidation is expected to take place in May, 2022.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Please visit www.bccsolutions.fi 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 2021, the Lifco Group consisted of 198 operating companies in 31 countries. In 2021, Lifco reported EBITA of SEK 3.7 billion on net sales of SEK 17.5 billion. The EBITA margin was 21.2 per cent. Read more at www.lifco.se.