Lifco AB has acquired a 91% stake in Tamrotor Marine Compressors (TMC) for an undisclosed consideration.
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.
TMC is the world’s leading supplier of compressed air systems for marine and offshore use. The company's product range consists of marine screw compressors, air dryers and filters for any demand of compressed air, including custom engineered compressors for offshore and topside installations. Headquartered in Oslo, Norway, TMC has stock points in Oslo and Singapore, service points in Brazil, USA, Norway, Singapore, UAE, China, Japan and South Korea, and an agents network covering 30 countries.
Oaklins' team in Norway advised the buyer in this transaction.
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.