New Shareholders for the Facade Access Group
November 3, 2016
Company Announcement from CEO, Tony Combe
The Facade Access Group of companies consisting of facade access industry leaders, CoxGomyl and Manntech was recently sold to Swedish vertical access solution company, the Alimak Group.
Wolseley Private Equity had been the Facade Access Group’s major shareholder since 2007 and I’m pleased to say has seen the Group experience significant growth year on year, securing our global leadership positioning within the facade access industry.
We are excited about this acquisition as similarly, the Alimak Group are also global leaders in the industrial vertical transport industry, through their strong positions in construction hoists and industrial elevators. The Alimak Group (www.alimakgroup.com) with revenues of approximately A$300 million, has a complimentary service offering making for an ideal partnership.
With both businesses being global segment leaders in providing lifting solutions that traverse the outside of buildings and offering full end to end solutions from the design and installation of capital equipment to aftersales servicing, the Alimak Group are ideally placed to take the business into an exciting new era.
The combined Group benefits will mean a broadened product portfolio, greater supply chain efficiencies and R&D opportunities creating an even stronger, unrivalled capability with over A$486 million in revenue, 100 distribution points and 1900 employees around the world.
The Alimak and Facade Access companies will continue to operate their own independent sales channels and brands (CoxGomyl and Manntech), factories and project activities in each region.
This is a very exciting development for the Alimak Group as well as the CoxGomyl and Manntech brands. It will however be business as usual and our customers can expect to experience the continued high level of quality and service they have become accustomed to over the years.
If you have any questions about the implications of this acquisition, please contact us at email@example.com
November 1st 2016Back to news