Alimak Group AB (OM:ALIG) completed the acquisition of Tall Crane Equipment LTD.
August 23, 2022
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Alimak Group AB (publ) (OM:ALIG) entered into an agreement to acquire Tall Crane Equipment LTD for CAD 40 million on July 18, 2022.The purchase price amounts to approximately CAD 27 million on a cash and debt-free basis. In addition to the fixed purchase price paid upon access, the seller may receive a condition-based additional purchase price (earn-out) of a maximum of approximately CAD 13 million based on fulfilment of certain performance goals regarding sales and profit. Tall Crane Equipment's revenue in the last yearly closing amounted to approximately CAD 16 million. Closing of the transaction is expected to take place during the third quarter 2022.
Alimak Group AB (publ) (OM:ALIG) completed the acquisition of Tall Crane Equipment LTD on August 24, 2022. Stephen Crisham, Ted Rattenberry and Lori Galloway of Generational Equity, LLC acted as financial advisor to Tall Crane Equipment Limited.
Alimak Group publ AB is a Sweden-based company active in industrial equipment sector. It offers vertical access solutions to customers in the construction industry, as well as other sectors. The Company develops and manufactures construction hoists, industrial elevators, mast climbing work platforms, transport platforms and material hoists. It operates in four business segments: Construction Equipment, which designs, develops, manufactures and distributes lifts for temporary installation; Industrial Equipment, providing lifts for permanent installations; Rental, offering renting and service of the Companyâs equipment; and After Sales, comprising service, spare parts, upgrades and trainings. Its product lines are Alimak, Champion, Heis-Tes and Hek. The Company is active in Norway, France, Germany, the United Kingdom, Korea, Singapore, Malaysia, Italy, Spain, China, the United States, Brazil and India, among others.
ALIMAK GROUP AB 
