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2017-01-30

Alimak Group AB: Alimak Group's acquisition of Avanti Wind Systems finalized

Alimak Group has finalized the acquisition of Avanti Wind Systems, the
market leader in vertical access solutions for wind turbine towers.

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

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http://news.cision.com/alimak-group-ab/r/alimak-group-s-acquisition-of-a...
http://mb.cision.com/Main/12476/2176745/621101.pdf

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