Lifco has signed an agreement to acquire the majority of Swedish Silvent, a leading company within energy optimization and work environment.
The company develops and supplies products for compressed air for cooling, cleaning and drying purposes in many different industries. The company has unique expertise in the area of compressed air dynamics. Silvent’s air guns, air knives, air nozzles, silencers and customized solutions for blowing with compressed air are used by leading manufacturers, in over 75 countries.
In 2016, Silvent reported net sales of approximately 120 MSEK. The company will be consolidated in Business Area Systems Solutions.
Silvent was founded in 1989 and is located in Borås, Sweden. The company has sales subsidiaries in five countries around the world. Globally, Silvent employs approximately 70 people.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Please visit www.silvent.com for further information.
For more information please contact:
Media and investor relations manager
Phone +46 730 244 872
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 133 companies in 26 countries. In 2016, the Group’s net sales amounted to SEK 9 billion and the EBITA margin was 15%. For more information, visit www.lifco.se.