History

In 1962, Alimak revolutionized the approach to rack-and-pinion vertical access solutions by introducing the first rack-and-pinion-driven construction hoist.

Between 1968 and 2001, Alimak expanded its geographic footprint and its business operations by enhancing its product and service offerings, growing its customer base across a number of end markets and engaging in a series of strategic acquisitions.

In 1973, Alimak delivered its first rack-and-pinion elevator for the offshore industry.

In 2001, Alimak merged its operations with the Dutch company Hek, which has been producing industrial elevators, construction hoists and work platforms since 1961.

In 2006, Alimak established production operations in China and, to strengthen its U.S. presence, acquired Champion Elevators, a Texas-based rack-and-pinion elevator company.

In 2007, the Group was acquired by Triton. From the beginning of 2008, the Group increased its strategic focus on the BRIC markets, opening sales offices in India and Brazil between 2008 and 2011.

In addition, between 2010 and 2012, the Group engaged in a manufacturing footprint optimization program, consolidating its manufacturing and focusing its manufacturing and supply base to two locations in Skellefteå, Sweden, and Changshu, China.

In May 2014, the Group broadened its technology offering through the acquisition of Heis-Tek, a Norway-based specialized traction elevator company that offers its products and services predominantly for oil and gas offshore applications in the North Sea.

Alimak Group AB was listed on Nasdaq Stockholm in June 2015.

30 January 2017, Alimak acquired Avanti Wind Systems, a market leader in vertical access solutions for wind power industry.

28 February 2017, the Group acquired Facade Access Group, market leader in permanently installed building maintenance solutions.

Through the acquisitions Alimak extends its product range and gains 10 production sites. The turnover and the amount of employees doubled in size and Alimak established a stronger and broader customer offering with global coverage.

2 April, 2019, Alimak Group announced the acquisition of Dataline i Borås AB, which has been an important supplier of control systems for construction hoists and permanent lifts for over two decades. The acquisition follows the Group’s strategy to invest in technologies to enable new, enhanced products and services, to increase productivity and safety for customers.

Alimak Group announced the acquisitions of Verta Corporation, an American service provider with a large share of the portfolio consisting of Manntech units. The acquisition will further strengthens the Group’s standing as the market leading service provider in North America and help grow the After Sales business.

In 2021, Alimak Group entered into an agreement to acquire the shares of Cento Engineering Group, a UK BMU engineering and service provider with a large share of the service portfolio consisting of Manntech units.