Lifco has signed an agreement to acquire all of the shares in the German company Medtec Medizintechnik GmbH. The company is a manufacturer of equipment and consumables based on MR-technology for joint treatment.
Medtec Medizintechnik reported net sales of MEUR 6.6 in 2021 and has about 20 employees. The company is based in Wetzlar, Germany. Medtec will be consolidated in Business Area Dental, which is expected to take place in November 2022.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
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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.