Lifco Acquires Italian Piling Rig Manufacturer Geax srl

Lifco, the Swedish diversified industrial group, has signed an agreement to acquire a majority of the shares in Geax srl, an Italian manufacturer of compact piling rigs. The acquisition will be consolidated in Lifco’s Demolition & Tools business area in the second quarter of 2023.

Geax srl – A Niche Manufacturer of Compact Piling Rigs

Geax srl, headquartered in Montefano, Italy, is a niche manufacturer of compact piling rigs, with 26 employees. In 2022, the company reported net sales of approximately EUR 15 million. The acquisition will not have any significant effect on Lifco’s earnings or financial position in the current financial year.

Lifco – A Safe Haven for Small and Medium-Sized Businesses

Lifco offers a safe haven for small and medium-sized businesses. The company’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.

Lifco Group – A Diversified Industrial Group

The Lifco 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, with an EBITA margin of 21.6%.

Conclusion

Lifco’s acquisition of Geax srl is a strategic move to expand its portfolio of market-leading niche businesses. The acquisition will strengthen Lifco’s position in the Demolition & Tools business area and contribute to the company’s long-term growth and profitability.