Swedish-based company, Lifco, has recently signed an agreement to acquire all shares in Didsbury Engineering Ltd, a UK company that specializes in ground service and maintenance equipment for aircrafts. This acquisition will allow Lifco to expand their Systems Solutions division, bringing in new technology and equipment to better serve their clients.
Financial Details
Didsbury Engineering Ltd reported net sales of approximately GBP 6.5 million in 2022. With 33 employees, the company will be consolidated into Lifco’s Business Area Systems Solutions division, with the consolidation expected to take place in March 2023. While the acquisition will not have a significant effect on Lifco’s earnings or financial position in the current financial year, it is expected to lead to sustainable earnings growth and robust cash flows in the long run.
Who is Lifco?
Lifco offers a safe haven for small and medium-sized businesses, acquiring and developing market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. With a philosophy centred on long-term growth, profitability, and a strongly decentralised organisation, the company has three business areas: Dental, Demolition & Tools, and Systems Solutions. As of 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%.
Benefits of the Acquisition
The acquisition of Didsbury Engineering Ltd brings numerous benefits to Lifco. First, it expands their Systems Solutions division, allowing them to offer a wider range of products and services to their clients. Second, it brings in new technology and equipment to better serve clients, improving the overall quality of Lifco’s offerings. Finally, it allows Lifco to tap into Didsbury Engineering Ltd’s network of clients, potentially opening up new business opportunities for Lifco.
The Future of Lifco
With the acquisition of Didsbury Engineering Ltd, Lifco is poised for long-term growth and success. By continuing to acquire and develop market-leading niche businesses, Lifco will be able to expand its offerings and better serve its clients. And with a philosophy centred on long-term growth, profitability, and a strongly decentralized organization, Lifco is well-positioned to weather any challenges that may come its way.
Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.
