Lifco has signed an agreement to acquire all of the shares in the Dutch company EFKA Holding B.V. The company manufactures customized aluminum frames for textiles that are used in various areas, such as exhibitions, offices and retail premises.
EFKA has about 40 employees and reported net sales of MEUR 11.6 in 2021. The company is based in Drachten in the Netherlands. EFKA will be consolidated in Business Area Systems Solutions, division Service and Distribution. Consolidation is expected to take place in the third quarter 2022.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Please visit www.efka.nl/en for more information.
For more information please contact:
CEO and President Lifco
Media and investor relations manager
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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.