Lifco has signed an agreement to acquire the majority of the Italian company Cramaro Tarpaulin Systems. The company is a niche manufacturer of tarpaulin systems to protect materials for industrial and agricultural vehicles.
In 2019, the acquired operation reported net sales of approximately 27 MEUR. The business is based in Cologna Veneta, Italy and has around 90 employees. The company will be consolidated in Business Area Systems Solutions, division Service and Distribution.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Please visit www.cramaro.com 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 implying that the company has a long-term view on its holdings, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At the end of 2018 the Lifco Group consisted of 146 operating companies in 29 countries. In 2018 Lifco reported EBITA of SEK 2,168 million on net sales of SEK 12.0 billion. The EBITA margin was 18.1 per cent. Read more at www.lifco.se.