Alimak divests rental business
Published by Rebecca Bowden,
Alimak Group has entered into an agreement to divest its US Rental business with base in Altanta, US, to Bigge Crane and Rigging. This divestment will enable Alimak to place a stronger focus on product sales as well as after sales services supporting Alimak’s entire product portfolio in the US and Canada.
“The divestment is a logical step in Alimak Group´s strategy of growth in its core business as it allows our US operation to fully focus on further expansion of our broad offering of products and aftersales services in North America. Bigge is one of America´s premier global crane companies and has been a long and valuable customer to Alimak. They have a vast experience of working with Alimak equipment and I feel confident that our existing rental customers will see benefits from the new owner” says Tormod Gunleiksrud, CEO of Alimak Group.
“Bigge is pleased to add Alimak’s US Rental business to our operation. Bigge has an extensive network of locations and expertise in rental of construction hoist and related equipment, and this addition is consistent and synergistic with our core business. Bigge has had a long term relationship with Alimak, and Alimak product is central to Bigge’s existing fleet of construction hoist and related equipment,” says Weston Settlemier, CEO of Bigge Crane and Rigging Co.
The divestment will be subject to customary regulatory approvals and is expected to close before year end 2016.
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/europe-cis/23092016/alimak-divests-rental-business-306/
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