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.
About Alimak
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
About Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton Partners has over 150 investment professionals and value creation experts across 11 offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.