Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire a majority stake in Tastitalia Srl on July 17, 2020. Post the completion of the transaction, Tastitalia will be consolidated in the business area Systems Solutions division, Contract Manufacturing. In 2019, Tastitalia reported net sales of approximately 12.2 million. The acquisition is subject to approval by Italian authorities. The acquisition will not have any significant effect on Lifcos earnings or financial position in financial year 2020.