Monark expands the Swedish footprint with acquisition

Published
12.03.2025
Monark group is pleased to announce another step in the history of the company, by acquiring all the shares in Sweden based Lifa AB.

Lifa first started up in Falun Sweden in 1994 and have been delivering quality DTH and top hammer tooling to the Swedish market for three decades.

With a strong focus on quality products and customer service, Lifa has a reputation in the market as a trustworthy partner.

 

The recent years Monark has been the chosen partner on top hammer tools and this is a natural step for the group.

The employees at Lifa will continue over to the new owners. 

 

Per Erik Lindström – CEO Lifa AB:

" Lifa and Monark are both family-owned businesses with a long and proud history in the industry. From our very first meeting, we felt that this was a perfect match. With Monark’s strong growth and ambitious expansion goals, we see this as the best solution to carry Lifa forward and strengthen our presence in the Swedish market. We look forward to an exciting future where Monark continues to grow and gain market share, while Lifa gets the best conditions to develop."  

 

Rune Hellingsrud – CEO Monark:

" It is with great pleasure to have Lifa come under the Monark umbrella and strengthening our sales force in Sweden as well as increasing our presence with two more locations.

We have had a great relationship with the team at Lifa and have always been impressed by the customer focus. 

We look forward continuing growing the business and strengthening our position in the market. " 

 

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