Lifco has signed an agreement to acquire the Chinese dental company Perfect Ceramic Dental (PCD). PCD is a dental laboratory that produces dentures and dental prosthetics mainly for MDH, a German Lifco subsidiary.
PCD has since the 1990s produced dental crowns, bridges and complex restorations for MDH Germany. The company has its main facility in Shenzhen, China. PCD reported net sales of 118 MHKD in 2016. Approximately 80% of PCD’s sales is generated by MDH, a Lifco subsidiary in Germany, which means that the acquisition will have very limited effect on Lifco’s consolidated external sales.
PCD currently has about 850 employees.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
For more information please contact:
Head of Business Area Dental
Phone +46 70 840 00 63, E-mail firstname.lastname@example.org
Media and investor relations manager
Phone +46 730 244 872, E-mail email@example.com
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.