Normas acquires Ajos crane business
By Alex Dahm01 March 2021
Tower crane rental, sales and spare parts specialist Normas has acquired the crane rental business of Ajos in Denmark.
Ajos is a business unit of MT Højgaard Holding A/S which gave the sales price as DKK 62 million (US$ 10 million) for the shares. The deal, effective on 1 April 2021, includes more than 50 tower and semi-mobile cranes. There are seven specialist crane employees.
Normas is a Liebherr tower crane dealer operating in Denmark and the south of Sweden. It was started in 1992 and is now part of the JMM Group.
Ajos sold its hoist business in the third quarter of 2020. Now with the sale of the crane operation it will focus on strengthening its core business in construction site planning and equipment rental, including sheds, pavilion modules and other buildings.
Commenting on the sale Ole Wamsler, Ajos CEO, said, “We are selling a well-run crane business to sharpen our focus on the shed, module and pavilion markets where we have a really good position and see increasing demand with particularly strong progress for our Nordic Swan Eco-labelled pavilion modules. We have to continuously invest to maintain momentum in these activities, and we are therefore prioritising our resources.”
Morten Hansen, MT Højgaard Holding CEO, said, “Ajos sharpens its profile with the sale of the crane business, which enables the company to invest in selected business areas with a special focus on sustainable solutions that play an increasingly important role in the construction industry and are an integrated part of our strategy across all business units in the MT Højgaard Holding group.”