Lifco has signed an agreement to acquire a majority of the shares in the Italian company Trevi Benne S.p.A. The company is a manufacturer of excavator tools and attachments used within demolition, scrap handling, earthmoving and forestry.
Trevi Benne has 105 employees and reported net sales of approximately MEUR 37 in 2021. The company is based in Noventa Vicentina, Italy. Trevi Benne will be consolidated in Business Area Demolition & Tools. Consolidation is expected to take place in the third quarter 2022.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Please visit www.trevibenne.it/en for more information.
For more information please contact:
CEO and President Lifco
Media and investor relations manager
Phone +46 730 244 872, e-mail firstname.lastname@example.org
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.