Lifco AB (publ) (OM:LIFCO B) agreed to acquire unknown majority stake in Next Hydraulics Srl on June 24, 2021. Upon completion Next Hydraulics will be consolidated in Business Area Systems Solutions, division Service and Distribution. For the year ended December 31, 2020 Next recorded the revenues of 21 million. The acquisition will not have any significant effect on Lifcos earnings or financial position in current financial year. The deal is expected to close in July 2021.