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Lifco has signed an agreement to acquire a majority of the shares in the Danish company Amayse A/S. The company is a leading global supplier of 3D advertising for televised sports events and stadium branding solutions.
In 2022, Amayse reported net sales of approximately DKK 51 million. The company is based in Vejle, Denmark and has 21 employees. Amayse will be consolidated in Business Area Systems Solutions, division Special Products. Consolidation is expected to take place in the third quarter of 2023.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Please visit www.amayse.com for more information.
For more information please contact:
Per Waldemarson
CEO and President Lifco
E-mail per.waldemarson@lifco.se
Åse Lindskog
Media and investor relations manager
Phone +46 730 244 872, e-mail ir@lifco.se
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, 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.
https://news.cision.com/lifco-ab/r/lifco-acquires-amayse-in-denmark,c3797254
https://mb.cision.com/Main/5431/3797254/2162553.pdf
(c) 2023 Cision. All rights reserved., source Press Releases – English
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