Lifco (STO: LIFCO) has signed an agreement to acquire Auto-Maskin, a leading producer of Diesel Control Units for environmentally friendly marine applications. The company is also a supplier of solutions in emergency power management systems for demanding applications such as telecom, airports, hospitals and defense.
In 2015, Auto-Maskin’s sales will amount to approximately 130 MNOK. The Group will be consolidated in business area Systems Solution. The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Based in the high tech sector of Skjetten outside Oslo, Auto-Maskin has been building control and monitoring solutions linked to the marine and industrial markets since 1969.
The company has customers all over the globe and approximately 65 employees.
For more information about Auto-Maskin visit www.auto-maskin.com.
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 118 companies in 28 countries. In 2014, the Group’s net sales amounted to SEK 6.8 billion and the EBITA margin was 14.2%. For more information, visit www.lifco.se.
This information is made public December 18, 2015, at 11.00am CET according to the Securities Market Act, the Financial Instruments Trading Act and/or the regulations of the Nasdaq Stockholm.
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