Triton has sold its remaining shares in Alimak, the global market leader in vertical access solutions
Stockholm (Sweden), 14 September 2017 – Funds advised by Triton (”Triton”) have sold 26.7 percent of the shares in Alimak Group AB (publ) (“Alimak”) to Investment AB Latour (“Latour”), thereby making Latour the largest owner of Alimak.
Under Triton’s ownership, Alimak transformed from a construction-oriented elevator manufacturer into a global market leader in vertical access solutions. Significant progress has been made to complement the product portfolio and to expand the aftermarket sales. Since the successful listing on Nasdaq in Stockholm in 2015, Alimak has continued to develop well and has doubled its sales.
“We would like to thank the management team, the employees, the Board of Directors and all other stakeholders for their contributions to building Alimak into a strong market leader. Triton has been an active owner of Alimak for more than 10 years and has over the years supported the company both with resources and capital. By always having a long-term perspective in developing our companies, Alimak is now a strong platform for continued growth”, said Peder Prahl, Director of the General Partner for the Triton funds.
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 66,000 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. www.alimakgroup.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 30 companies currently in Triton's portfolio have combined sales of around €14.2 billion and around 88,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey. For further information: www.triton-partners.com