Lifco has signed an agreement to acquire a majority of the shares in Specialist Alarm Services Ltd. The company develops and manufactures staff attack and nurse call systems for the healthcare sector.
Specialist Alarm Services has 27 employees and reported net sales of MGBP 3,9 in 2021. The company is based in Newcastle, England. Specialist Alarm Services will be consolidated in Business Area Dental. Consolidation is expected to take place in March, 2022.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in the financial year 2022.
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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.