Lifco AB (publ) (OM:LIFCO B) signed an agreement to acquire Heinz Schuller Kg on October 21, 2022. The company is located in Bindlach, Germany and will be consolidated in Business Area Systems Solutions, division Construction Materials. Heinz Schuller Kg reported net sales of approximately ?22 million in 2021 and has 44 employees.

Consolidation is expected to take place in November 2022. The acquisition will not have any significant effect on Lifco's earnings or financial position in current financial year. Steffen Eube and Paul Jouy of BDO AG Wirtschaftsprüfungsgesellschaft, Investment Banking Arm acted as financial advisor to Lifco AB (publ).

Bbh Ag WirtschaftsprÜFungsgesellschaft acted as due Diligence advisor to Lifco AB.