Sweden
Alimak Group Names Nomination Commitee for 2023 AGM
Alimak Group, the construction hoist specialist headquartered in Stockholm, Sweden, on October 10 announced the appointment of the Nomination Committee for its 2023 Annual General Meeting (AGM). Tasked with preparing...
Andrén to Join Hydroware as Head of Products and Learning
Styrbörn Andrén will join Alvesta, Sweden-headquartered Hydroware as head of products and learning in January 2023 as the company gears up for expansion, Hydroware announced. One of the most prominent...
TKE Expands Sweden Footprint With Another Acquisition
Following the purchase of Sdiptech's elevator operations in Sweden last year, TK Elevator (TKE) plans to acquire Nordic Lift from Pegroco Invest, TKE announced on July 21. Focusing on the...
Alimak to Acquire Longtime Canada-Based Construction Customer
Stockholm, Sweden-based Alimak Group, a rack-and-pinion construction elevator specialist, announced on July 18 an agreement to acquire 100% of the shares of Burnaby, Canada-based Tall Crane Equipment Ltd., which has...
Acquisition Paves Way for Growth for Sweden-Based Hydroware
The acquisition of Alvesta, Sweden-based Hydroware by CapMan Buyout promises to pave the way for Hydroware — a market leader in hydraulic lift modernization — to expand beyond the Nordics...
Alimak to Shut Down Its Operations in Russia
Industrial and construction-based elevator manufacturer Alimak Group announced April 26 that it will exit Russia. Alimak says it is making the move in light of recent events regarding Russia’s military...
Mitsubishi Electric Acquiring Swedish Elevator Firm Motum
Mitsubishi Electric Corp. is wholly acquiring Sweden-based Motum AB, which operates an elevator and automatic door business, mainly in Sweden, the Tokyo-based company announces. Noting that it formally agreed on...
Alimak Group Releases 2021 Annual, Sustainability Report
Alimak Group AB, the Stockholm, Sweden-based provider of rack-and-pinion vertical-transportation systems, construction hoists and more, released its Annual and Sustainability Report 2021 on March 18. President and CEO Ole Kristian...
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