Lifco acquires world leading supplier of marine compressors

Lifco has signed an agreement to acquire Norwegian TMC/Nessco, a world leading supplier of marine compressors and spare parts. The company is also supplying the Norwegian market with land-based compressors.

In 2015, TMC/Nessco’s sales amounted to 525 MNOK. The group will be consolidated in Lifco’s business area Systems Solutions within the division Environmental Technology. The acquisition will have a positive impact on Lifco’s profit and financial position in current financial year.

TMC/Nessco is located in Furuset outside Oslo. The group has supplied compressors and compressed air systems to the marine and industrial markets since 1989. The group has customers across the world and employs more than 90 persons.

For more information about TMC/Nessco, visit www.tmc.no and www.nessco.no.

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 118 companies in 28 countries. In 2015, the Group’s net sales amounted to SEK 7.9 billion, EBITA was SEK 1.2 billion and the EBITA margin was 15.0%. For more information, visit www.lifco.se.

This information has been released at 8:45am. on February, 23 in accordance with the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act and/or the regulations of Nasdaq Stockholm.                 


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.

 

When visiting www.lifco.se and associated subpages Lifco AB warrants that this personal data will be processed in accordance with (the from time to time) applicable data protection laws and Lifco AB’s privacy policy.

LIFCO AB
Verkmästaregatan 1
745 85 Enköping, Sweden
ir@lifco.se
+46 72 717 59 33
Org.nr: 556465-3185

© 2020 Lifco. All rights reserved.