Auto-Maskin hereby inform their customers, suppliers, and other relations that all shares in the company Auto-Maskin AS are acquired by Lifco AB.
Auto-Maskin will continue to operate under its own brand and its current management.
“Lifco is representing the financial strength and professional ownership we have been looking for to take Auto-Maskin to the next step” says General Manager and co-founder Terje Bredesen.
The selection of Lifco as new owner is thoroughly selected by the shareholders, and Lifco AB is chosen for their clear strategy to build and develop the company even stronger by keeping Auto-Maskin AS core values and strategy intact, and develop the existing staff of expertise going forward.
“The fact that the company will continue to operate individually, with existing operational management and under Auto-Maskin brand has been very important for us”. – Continues Mr. Bredesen. “By this the company is perfectly situated for further development and growth within its own strategies and ideas, and by their existing staff which is the companies biggest asset”
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 118 companies in 28 countries. In 2014, the Group’s net sales amounted to SEK 6.8 billion and the EBITA margin was 14.2%. For more information, visit www.lifco.se.
