Lifco AB has acquired a majority stake in Cenika AS. Financial details have not been disclosed.
Lifco acquires and develops market leading, niched companies with a potential to deliver sustainable profit growth and good cash flow. The group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco is guided by a clear management philosophy implying that the company has a long term view on its holdings, a focus on profitability and a decentralized organization. Lifco has more than 100 companies in 30 countries.
Cenika AS is a leading supplier of low voltage electrical supplies. The company's products include surge arrestors. Cenika sells its own brand CenTech and the Chinese brand Chint to the professional power industry in Norway and Sweden.
Oaklins' team in Norway advised the buyer in this transaction.
Nikolai K. Lunde
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