Lifco acquires Wachtel of Germany

By , in PR PR Sci/Tech on .

Lifco has signed an agreement to acquire the majority of Wachtel of Germany, a turnkey supplier of piping, conduit piping and air shaft technology. Wachtel mainly operates in Germany.

Wachtel had revenues of approximately 2 MEUR in 2016 and has 14 employees.

The operation will be consolidated in Proline Group in Business Area Systems Solutions, division Construction Material.

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

Please visit www.wachtel-ag.de for further information.

For more information please contact:

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

About Lifco

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 133 companies in 26 countries. In 2016, the Group’s net sales amounted to SEK 9 billion and the EBITA margin was 15%. For more information, visit www.lifco.se.

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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