Fiberworks AS is a Norway-based company that provides optical transceivers, fiber cabling, wavelength multiplexers, media convertors, and testing and measurement instrumentation. Fiberworks had reported sales of approximately NOK 93.24m (EUR 10.27m) and net earnings of NOK 14.59m (EUR 1.20m). It employs a workforce of 14 people.
Lifco AB, the listed Sweden-based manufacturer of dental products, machinery and tools, sawmill equipment, contract manufacturing, interiors for vehicles and environmental technology, has agreed to acquire a 75% stake in Fiberworks AS, a Norway-based company that provides optical transceivers, fiber cabling, wavelength multiplexers, media converters, and testing and measurement instrumentation, for an undisclosed consideration. Post acquisition, Fiberworks will be consolidated in Business Area Systems Solutions division of Lifco, and will operate with Pro Optix AB, a Sweden-based company which Lifco acquired in June 2017. The management and key employees of Fiberworks will retain minority shareholding in the company. The acquisition will not have any significant effect on Lifco’s earnings or financial position for the year 2017.
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