The acquisition broadens and diversifies Alimak Group's product portfolio and offers an expansion into a growing area of renewable energy. Avanti was established in 1885 and has more than 30,000 service lifts installed globally. As was previously communicated, Avanti's net sales is expected to be 98 MEUR in 2016, and it operates globally with six production facilities in Denmark, Spain, China, US and Brazil.
The business will be consolidated as of 1 February, 2017.
A press release regarding the acquisition was published on 5 December, 2016.
For further information:
Sofia Wretman, Head of IR & Communication, Phone: +46 8 402 14 41
Per Ekstedt, CFO, Phone: +46 8 402 14 57
About Alimak Group
Alimak is a world-leading supplier of elevators, platforms and after-market service for the industrial and construction sectors. The Group has manufacturing operations in Sweden and China and a sales and servicing network in more than 90 countries supplying and maintaining vertical access solutions. At present there are more than 22,000 elevators and platforms installed globally. Alimak was established in Skellefteå in 1948 and has 1,200 employees around the world. The Group is listed on Nasdaq Stockholm. www.alimakgroup.com