Lifco acquires HGT in Germany

Lifco has signed an agreement to acquire a majority of the shares in the German company HGT Hydraulikgreifer-Technologie GmbH. The company is a niche manufacturer of attachments for material handling machines.
 

In 2022, HGT reported net sales of approximately EUR 19 million. The company is based in Ilsede, Germany and has 35 employees. HGT will be consolidated in Business Area Demolition & Tools. Consolidation is expected to take place in the fourth quarter of 2023.

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

Please visit www.hgt-greifer.de for more information.

For more information please contact:

Per Waldemarson

CEO and President Lifco

E-Mail: [email protected]

Åse Lindskog  
Media and investor relations manager
Phone +46 730 244 872, e-mail [email protected]

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 2022, the Lifco Group consisted of 211 operating companies in 30 countries. In 2022, Lifco reported EBITA of SEK 4.7 billion on net sales of SEK 21.6 billion. The EBITA margin was 21.6 per cent. Read more at www.lifco.se.