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Non Regulatory

Alimak wins industrial elevator order in the Middle East

Alimak Group (Alimak), the vertical access solution company, has received a 11 MSEK order in the Middle East regarding industrial elevators to an Oil refinery, to be delivered during the first and second quarter of 2016.

The new order includes industrial elevators based on both traction and rack & pinion technology.

"We are proud to win this new order in the Oil and Gas industry. The order clearly demonstrates the strategic fit of our acquisition of Heis-Tek during 2014 and our ability to offer an even wider and more attractive range of vertical access solution for different needs based on a combination of technologies", says Tormod Gunleiksrud, CEO of Alimak Group.

Alimak acquired Heis-Tek in June 2014 as part of the strategy to further expand and strengthen its product and service offering of vertical access solutions to the Oil & Gas industry. Through the acquisition, Alimak also broadened its product portfolio from rack & pinion based technology to traction and hydraulic based elevators. Alimak is one of few suppliers with the ability to provide a total elevator service & inspection support offering on a global basis to the Oil & Gas industry, onshore and offshore.

For more information, please contact:

Stefan Rinaldo, CFO, Phone: +46 8 402 1447

John Womack, Director of IR, Phone; +46 (0) 70 678 2499

About Alimak Group

Alimak is a global market leader and pioneer in designing, developing, manufacturing, distributing and servicing industrial vertical access solutions. The company provide high quality hoists, elevators and platforms primarily for the industrial and construction sectors. Alimak has a global sales, services and distribution platform across more than 60 countries with strong market positions. The company has a well-established and highly resilient aftersales business and its large global installed base of ca. 21,000 units provides unique know-how into its customer's