Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire 65% stake in Hgt Hydraulikgreifer-Technologie Gmbh on October 12, 2023. HGT will be consolidated in Business Area Demolition & Tools. For FY 2022, HGT reported net sales of approximately ?19 million and had 35 employees.

Consolidation is expected to take place in the fourth quarter of 2023.