Alimak Group closes acquisition of Tall Crane

By Larry Stewart29 August 2022

Alimak Group Photo: Alimak Group

Sweden-based access company Alimak Group completed the previously announced acquisition of Tall Crane Equipment LTD, a hoist and crane rental services provider headquartered in Langley, British Columbia, Canada.

Alimak’s initial announcement of the acquisition, dated July 18, 2022, said the “purchase price amounts to approximately MSEK 215 (million Swedish kronor, or 27 million Canadian dollars) on a cash and debt-free basis.”

Alimak has reported Tall Crane Equipment’s revenue in the last yearly closing at approximately MSEK 130 (MCAD 16) and will contribute positively to Alimak Group’s Construction division’s EBITA-margin.

Tall Crane Equipment is a licensed elevator contractor, providing hoist and crane rentals, qualified licensed personnel, and repairs and maintenance on site and off site. Personnel hoists have become a major focus for the company, which maintains hundreds of hoists across Western Canada. The company has been an Alimak Construction Division customer for over 30 years and will become part of Alimak Group’s Construction division.

“This acquisition reflects our strategic goal of being close to our customers in the markets they operate,” said Ole Kristian Jødahl, CEO, Alimak Group. “We have known this company (Tall Crane) for many years, and the rental services business will provide a good foundation to expand our new and used product offerings. Including the addition of a wholly owned footprint in Canada, this acquisition creates opportunities to further expand both in construction and in permanent Industrial equipment including our parts and services offerings.”

The business will be consolidated as of August 24, 2022.

About Alimak Group

Alimak Group provides vertical access solutions for professional use, listed on Nasdaq OMX Stockholm. Alimak’s products and solutions are sold under the brands Alimak, CoxGomyl, Manntech, Avanti and Alimak Service. The group has an installed base of around 70,000 elevators, hoists, platforms, service lifts and building maintenance units around the world. Founded in Sweden 1948, the group has its headquarters in Stockholm, 10 production and assembly facilities in eight countries and 2,100 employees around the world. With presence in more than 100 countries, the group develops, manufactures, sells and services vertical access solutions.

Delivered directly to your inbox, Scaffold & Access Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Featured Training From Easybook
NYC SST Online Training

The clock is ticking… Construction workers in New York City – have you fulfilled your required Site Safety Training (SST)? Get your SST card online now

Latest Events
SAIA offering select free passes for event
Scaffolding Association providing complimentary access to product demos, exhibits and more
Important updates regarding annual scaffold event
SAIA announces new schedule, hotel’s near sold-out status and more
Off-Highway Research

The gold standard in market research

Off-Highway Research offers a library of more than 200 regularly updated reports, providing forensic detail on key aspects of the construction equipment industry.

Our detailed insights and expert analyses are used by over 500 of the world’s largest and most successful suppliers, manufacturers and distributers, to inform their strategic plans and deliver profitable growth.

Click here to visit our website