Lifco acquires DesignDental
Lifco has signed an agreement to acquire the Danish dental company DesignDental. The company imports dental prosthetics and makes digital & Danish manufactured prosthetics that are offered to dentists in Denmark.
In 2015, DesignDental reported net sales of approximately 13 MDKK. The company will be consolidated in Business Area Dental. The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
DesignDental is located in Silkeborg, Denmark and employs nine people.
For more information please contact:
Per Waldemarson, Head of Business Area Dental
Phone +46 70 840 00 63, E-mail email@example.com
Åse Lindskog, Media and investor relations manager
Phone +46 730 244 872, E-mail firstname.lastname@example.org
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 28 countries. In 2015, the Group’s net sales amounted to SEK 7,9 billion and the EBITA margin was 15,0%. For more information, visit www.lifco.se.