Lifco acquires leading Aquajet Systems

Nov 29 2016

Lifco acquires leading Aquajet Systems

Lifco has signed an agreement to acquire the majority of the Swedish hydro-demolition robot company Aquajet Systems. Aquajet Systems is a global leader in its market niche.

In 2015, Aquajet Systems reported net sales of approximately 60 MSEK and the company employs 20 people. Aquajet Systems will be consolidated in Business Area Demolition & Tools. The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.

Aquajet Systems was founded in 1988 and is located in Holsbybrunn, Sweden.

Please visit www.aquajet.se for further information about Aquajet.

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 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.