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       SE0015949201

LIFCO AB (PUBL)

Real-time Estimate Quote. Real-time Estimate  - 07/29 11:07:08 am
249.7000 SEK   0.00%
08/26LIFCO : issues bond loan of SEK 750 million
PU
08/26Lifco Issues Bond Loan of SEK 750 Million
CI
07/20LIFCO : establishes an MTN program of SEK 5 billion and publishes base prospectus
PU
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Lifco : acquires Next Hydraulics Srl in Italy

06/24/2021 | 02:25am EDT

PRESS RELEASE

24 June 2021

LIFCO ACQUIRES NEXT HYDRAULICS SRL IN ITALY

Lifcohas signed an agreement to acquire a majority of the shares in Next Hydraulics Srl.

The company is a leading manufacturer of telescopic cranes mainly used on light vehicles and produces also stabilizers for vehicles.

Next Hydraulics has 43 employees and reported net sales of approximately MEUR 21 in 2020. The company is based in Boretto, Italy. Next Hydraulics will be consolidated in Business Area Systems Solutions, division Service and Distribution. Consolidation is expected to take place in July, 2021.

The acquisition will not have any significant effect on Lifco's earnings or financial position in current financial year.

Please visit www.nexthydraulics.comfor more information.

For more information please contact:

Per Waldemarson

CEO and President Lifco

E-mail per.waldemarson@lifco.se

Åse Lindskog

Media and investor relations manager Phone +46 730 244 872, e-mail ir@lifco.se

About Lifco

Lifco offers a safe haven for small and medium-sized businesses. Lifco's business concept is to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. Lifco is guided by a clear philosophy centred on long-term growth, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At year-end 2020, the Lifco Group consisted of 175 operating companies in 31 countries. In 2020, Lifco reported EBITA of SEK 2,702 million on net sales of SEK 13.8 billion. The EBITA margin was 19.6 per cent. Read more at www.lifco.se.

Lifco AB (publ)

Verkmästaregatan 1, SE-745 85 Enköping

Org nr 556465-3185 www.lifco.se

Disclaimer

Lifco AB (publ) published this content on 24 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2021 06:24:02 UTC.


ę Publicnow 2021
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06/24LIFCO : acquires Next Hydraulics Srl in Italy
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Managers and Directors
Per Waldemarson President, Chief Executive Officer & Director
TherŔse Hoffman Chief Financial Officer
Carl Reinhold Adolf Bennet Chairman
Erik Henry Gabrielson Independent Director
Johan Erik Stern Vice Chairman
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