# Lifco acquires majority stake in CFR S.r.l.

Lifco has signed an agreement to acquire a majority of the shares in Italian niche manufacturer of electric drive systems for industrial applications, CFR S.r.l., based in Modena, Italy. CFR reported net sales of approximately EUR 38.5 million in 2023 and has 100 employees.

- Type: Acquisition
- Announced: 2024-03-26
- Where: Modena, Italy, Italy
- Status: announced
- Products: electric drive systems for industrial applications
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Lifco](https://endata.com/companies/52331.md) (acquirer)
- [CFR S.r.l.](https://endata.com/companies/76434.md) (target)
- [Brevetti Montolit](https://endata.com/companies/76816.md) (target)

## Sources

- [view.news.eu.nasdaq.com](https://view.news.eu.nasdaq.com/view?id=bcd2d8dfab38cc7956b89478b592d3e77&lang=en), 2024-03-26: "Lifco has signed an agreement to acquire a majority of the shares in the Italian company CFR S.r.l."
- [tiles.org.uk](https://www.tiles.org.uk/lifco-acquires-brevetti-montolit-in-italy/), 2024-04-15: "The company is a niche manufacturer of high-end professional tile cutting tools and accessories."

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