07.2019: Lifco Group has signed an agreement to acquire the majority of the German company ErgoPack Deutschland GmbH. The company is the leading manufacturer of ergonomic and mobile pallet strapping systems that are used in many different industries globally. In 2018, the acquired operation reported net sales of approximately 22 MEUR. The business is based in Lauingen, Germany and employs around 85 people. The operation will be consolidated in Business Area Systems Solutions, division Environmental Technology.The acquisition is subject to anti-trust clearance from German authorities. Please visit www.ergopack.de for more information.
Centum Capital provides this information as a market news, but has not been involved in the transaction.