Lifco has signed an agreement to acquire the majority of the shares in Dental Direct AS in Norway and its subsidiary 3D Dental ApS in Denmark. Both companies are distributors of dental products.
In 2016, Dental Direct AS reported external net sales of approximately 95 MNOK in Norway and 3D Dental ApS reported net sales of about 25 MDKK in Denmark. The businesses employ approximately 20 employees in total and will be consolidated in Business Area Dental.
The acquisitions will not have any significant effect on Lifco’s earnings or financial position in current financial year.
For more information please contact:
Head of Business Area Dental
Phone +46 70 840 00 63
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.