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Non Regulatory

Alimak Group signs new construction order with Canary Wharf Contractors to a value of approximately SEK 55 million in the UK

Alimak Group, market leaders in vertical access solutions, has been awarded the contract to provide equipment and services on the flagship 57-story residential skyscraper in the new Wood Wharf development in Canary Wharf, London. The project will run until 2020 with most of the equipment being delivered during 2017.

The order includes high performance Construction Hoists with related services for the vertical access systems during the project.

"This is the third large order we have received from the Canary Wharf Group recently in London and we are proud to extend our partnership on this project. The new Wood Wharf development of office and retail space is very exciting and we are very pleased to see a continued interest in our solutions that are built to support safe and reliable vertical access during the construction period", says Tormod Gunleiksrud, CEO, Alimak Group.

For further information, contact:

Per Ekstedt, CFO, Phone: +46 8 402 14 57

Sofia Wretman, Head of Communications & IR, Phone: +46 8 402 14 40

This information is information that Alimak Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CET on 17 May 2017.

About Alimak Group

Alimak Group is a world-leading provider of vertical access solutions for industrial and construction industries. With presence in more than 100 countries, Alimak develops, manufactures, sells and provides service to vertical access solutions with focus on adding customer value through greater safety, higher productivity and improved cost efficiency. The Group's products and solutions are sold under the brands Alimak Hek, CoxGomyl, Manntech and Avanti. Alimak has an installed base of more than 60,000 elevators, hoists, platforms, service lifts and building maintenance units around the world. Founded in Sweden 1948 Alimak has its headquarters in Stockholm, 12 manufacturing facilities in 8 countries and 2,400 employees around the world.