Lifco AB (publ) (OM:LIFCO B) signed a definitive agreement to acquire a 90% stake in Swallow Dental Supplies Limited on November 19, 2020. The company will be consolidated in Business Area Dental. In 2019, Swallow reported net sales of approximately 3.9 million. Swallow Dental Supplies Limited has 18 employees. The acquisition will not have any significant effect on Lifcos earnings or financial position in current financial year.
Lifco AB (publ) (OM:LIFCO B) completed the acquisition of a 90% stake in Swallow Dental Supplies Limited in December 2020. In related transactions, Lifco AB acquired a product portfolio from ContacEZ, TrollDentals product portfolio and the Workplace Safety division of KiiltoClean A/S, all shares of Consys of Germany, Rønvig Dental Manufacturing of Denmark and Sendoline of Sweden as well as majority stakes in Dental Grupa of Croatia and the Italy companies Cramaro Tarpaulin Systems and Tastitalia. Lifco paid SEK 1.4 billion for a combined consideration of all the transactions.