Aggressive acquisitions boost elevator firm to top of wind industry

Wind industry subcontractor Avanti will become part of Swedish Alimak Group, which has doubled in size in just two months.

Photo: Scira

Only slightly more than one month ago, the Australian company Facade Access Group with 700 employees worldwide was absorbed by another player in the elevator industry, Alimak Group, which was not that much bigger itself.

The Australian firm makes personnel elevators for some of the world's tallest buildings, but the new Swedish owner wants to go even further. Monday, it was announced that the Alimak Group will also snatch up Danish company Avanti Windsystems, which produces elevators for the world's tallest wind turbines.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

RWE criticizes Repower EU

The German utility is concerned that elements of the new EU plans will end up curtailing the roll-out of hydrogen and that Repower EU could potentially run counter to the entire purpose of emissions trading.

Further reading

Related articles

Latest News

See all jobs