Swedish based Lifco Group,has signed an agreement to purchase European Dental Partners (EDP) from private equity firm Silverfleet Capital. Lifco will then be one of Europe´s biggest dental group distributing consumables, equipment and technical services with market presence in 15 European countries.
include subsidiaries in 29 countries with sales in more than 40 countries. The
Group is divided into six business areas: Dental Products, Machinery &
Tools, Sawmill Equipment, Contract Manufacturing, Interiors for Vehicles and
Environmental Technology. According to the company, Lifco Dental Group for many
years has been the market leading distributor in Sweden, Denmark, Finland,
Norway, Estonia, Latvia and Lithuania.
In January 2011, Lifco entered the German market when acquiring the majority of the shares in NetDental GmbH, an internet based distributor of consumables to dentists and dental laboratories. With the addition of EDP, Lifco wants to expand its market presence in Germany and establish market positions in Switzerland, Austria, Hungary, Czech Republic, Slovakia, Slovenia and Croatia.
acquisition of EDP ought to make Lifco one of Germany´s largest import based
dental laboratories. After the acquisition, Lifco Dental Group will have a
combined turnover of approximately SEK 3000 million (€336 million) and 1100
employees. The transaction is subject to regulatory approvals.
EDP, based in Lübeck, has an annual turnover of approximately 120 million Euros and employs around 630 people in nine countries. The company consists of two business areas, both within the dental industry – business area dental distribution and business area dental laboratory production.
Lifco states, after the acquisition of EDP the Lifco Group will have a total turnover of approximately SEK 6100 million (€638 million) and employ about 3000 people.