Lifco has signed an agreement to acquire all shares of the UK company Prolec Ltd from James Fisher and Sons plc. Prolec is a niche developer of software and hardware solutions for the construction industry.
In 2021, Prolec reported net sales of approximately GBP 4 million. The company is based in Poole, United Kingdom and has 15 employees. Prolec will be consolidated in the Business Area Demolition & Tools. Consolidation is expected to take place in December, 2022.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in 2022.
Please visit www.prolec.co.uk 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 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 189 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.