Lifco acquires Norwegian Fiberworks AS

Lifco has signed an agreement to acquire a majority of Fiberworks AS, a Norwegian based company which provides optical transceivers, fiber cabling, wavelength multiplexers, media convertors, and testing and measurement instrumentation for the European fiber market.

The operation was founded in 1990 and is located in Oslo, Norway. In 2016, Fiberworks reported net sales of approximately 93 MNOK. The company employs 14 people and will be consolidated in Business Area Systems Solutions, division Construction Material. The company will co-operate with Lifco’s other fiber optic company Pro Optix which is based in Sweden.

The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.

Please visit www.fiberworks.no for further information.

For more information please contact:

Åse Lindskog  
Media and investor relations manager
Phone +46 730 244 872, E-mail
ir@lifco.se

About Lifco

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 133 companies in 26 countries. In 2016, the Group’s net sales amounted to SEK 9 billion and the EBITA margin was 15%. For more information, visit www.lifco.se.


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 2019 the Lifco Group consisted of 164 operating companies in 30 countries. In 2019 Lifco reported an EBITA margin of 18.2 per cent on net sales of SEK 13.9 billion.

 

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ir@lifco.se
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