Lifco has signed an agreement to acquire a majority of the shares in Cenec Tavlebygg AS. The company is a manufacturer of low volt electrical supplies.
Cenec has eight employees and reported net sales of approximately MNOK 17 in 2020. The company is based in Steinkjer. Cenec will be consolidated in Business Area Systems Solutions, division Construction Materials. Consolidation is expected to take place in January, 2022.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in the financial year 2022.
Please visit www.cenec.no 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 2020, the Lifco Group consisted of 175 operating companies in 31 countries. In 2020, Lifco reported EBITA of SEK 2,702 million on net sales of SEK 13.8 billion. The EBITA margin was 19.6 per cent. Read more at www.lifco.se.