Alimak Group has sold its US rental business to Bigge Crane and Rigging for $2.4 million.
The small rental business in the US predates the merger between Alimak and Hek in 1999 and 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´s entire product portfolio in the US and Canada.
“The divestment is a logical step in Alimak Group´s 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´s 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,” said Tormod Gunleiksrud, CEO of Alimak Group.
“Bigge is pleased to add Alimak’s 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," added Weston Settlemier, CEO of Bigge Crane and Rigging.
The US Rental business had a 2015 revenue of approximately 1% of the Group´s total revenue. For business area Rental the corresponding figure was 9%.
The divestment will be subject to customary regulatory approvals and is expected to close before year end 2016.