{"id":6931,"date":"2016-09-20T19:26:01","date_gmt":"2016-09-20T19:26:01","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=6931"},"modified":"2016-09-20T19:26:01","modified_gmt":"2016-09-20T19:26:01","slug":"alimak-group-divests-the-us-rental-operation-to-bigge-crane-and-rigging","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/alimak-group-divests-the-us-rental-operation-to-bigge-crane-and-rigging\/","title":{"rendered":"Alimak Group Divests the US Rental Operation to Bigge Crane and Rigging"},"content":{"rendered":"<p><a href=\"http:\/\/www.alimakgroup.com\/en\/\" target=\"_blank\" rel=\"noopener noreferrer\">Alimak Group<\/a>, the global vertical access solution company, announces that it has entered into an agreement to divest its US Rental business with base in Atlanta, US, to <a href=\"http:\/\/www.bigge.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bigge Crane and Rigging<\/a>.<\/p>\n<p>Alimak Group operates a small rental business in the US, whose origins predate the merger between Alimak and Hek in 1999. The US Rental business has been operated as a separate unit within the Alimak US operation. The divestment will allow a stronger focus on product sales as well as after sales services supporting Alimak\u00b4s entire product portfolio in the US and Canada.<\/p>\n<blockquote><p>\u201cThe divestment is a logical step in Alimak Group\u00b4s 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\u00b4s 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\u201d says Tormod Gunleiksrud, CEO of Alimak Group.<\/p>\n<p>\u201cBigge is pleased to add Alimak\u2019s 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\u2019s existing fleet of construction hoist and related equipment,\u201d says Weston Settlemier, CEO of Bigge Crane and Rigging Co.<\/p><\/blockquote>\n<p>The US Rental business had in 2015 a revenue corresponding to approximately 1% of the Group\u00b4s total revenue. For business area Rental the corresponding figure was 9%. The purchase price amounts to USD 2.4 million.<\/p>\n<p>Alimak Group\u00b4s Rental business area provides rental services on Alimak\u00b4s construction hoists and platforms to customers in four key markets: France, Benelux, Germany and Australia as well as offers sales of Alimak\u00b4s used construction equipment.<\/p>\n<p>The divestment will be subject to customary regulatory approvals and is expected to close before year end 2016.<\/p>\n<p>This information in this release is such that Alimak Group AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 18.00 CET on September 20, 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alimak Group, the global vertical access solution company, announces that it has entered into an agreement to divest its US Rental business with base in Atlanta, US, to Bigge Crane and Rigging. Alimak Group operates a small rental business in the US, whose origins predate the merger between Alimak and Hek in 1999. The US [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6932,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2,6,8],"tags":[82,177,322],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alimak Group Divests the US Rental Operation to Bigge Crane and Rigging - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/alimak-group-divests-the-us-rental-operation-to-bigge-crane-and-rigging\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alimak Group Divests the US Rental Operation to Bigge Crane and Rigging - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"Alimak Group, the global vertical access solution company, announces that it has entered into an agreement to divest its US Rental business with base in Atlanta, US, to Bigge Crane and Rigging. 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