Lifco acquires Kögel Filter in Germany
Lifco has signed an agreement to acquire a majority of the shares in the German company Kögel Filter GmbH - Contecma Filtration. The company is a specialist in process filtration and manufactures filters for the chemical and pharmaceutical industries.
In 2023, Kögel Filter reported net sales of EUR 3.8 million. The company is based in Landau, Germany and has eight employees. Kögel Filter will be consolidated in the Business Area Systems Solutions, division Special Products. Consolidation is expected to take place in the fourth quarter of 2024.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Please visit contecma.de for more information.