# Lifco acquires majority stake in HGT Hydraulikgreifer-Technologie

Lifco AB signed an agreement to acquire a majority of shares in HGT Hydraulikgreifer-Technologie GmbH, a German manufacturer of attachments for material handling machines. HGT reported net sales of approximately EUR 19 million in 2022 and has 35 employees.

- Type: Acquisition
- Announced: 2023-10-12
- Where: Ilsede, Germany, Germany
- Status: announced
- Products: attachments for material handling machines
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Lifco](https://endata.com/companies/52331.md) (acquirer)
- [HGT Hydraulikgreifer-Technologie GmbH](https://endata.com/companies/70263.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/lifco-ab/r/lifco-acquires-hgt-in-germany,c3852938), 2023-10-12: "Lifco has signed an agreement to acquire a majority of the shares in the German company HGT Hydraulikgreifer-Technologie GmbH."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.