Lifco has signed an agreement to acquire the German dental company Praezimed. The company is servicing and repairing dental instruments used by dentists and dental laboratories in Germany.
In 2015, Praezimed reported net sales of approximately 2.5 MEUR. The company will be consolidated in Business Area Dental. The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Praezimed is located in Hamburg, Germany and employs approximately 15 people.
For more information please contact:
Head of Business Area Dental
Phone +46 70 840 00 63
Media and investor relations manager
Phone +46 730 244 872
Lifco acquires and develops market-leading niched operations with the potential to deliver sustainable profit growth and strong cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco has a clear corporate philosophy which implies a long-term perspective, focus on profits and a highly decentralized organization. Lifco has 118 companies in 28 countries. In 2014, the Group’s net sales amounted to SEK 6.8 billion and the EBITA margin was 14.2%. For more information, visit www.lifco.se.