Riwal acquires AH-Lift
Dutch international aerial lift and telehandler rental group Riwal has acquired Danish rental company AH-Lift. The acquisition is effective as of year end 2018.
Established in 1986, AH-Lift is owned and managed by Finn Aaberg and rents a wide range of aerial work platforms from a base in Hvidovre, near Copenhagen. The 200 unit fleet includes spider lifts, truck mounted lifts, boom lifts and scissor lifts. The company employs 20.
AH lift and Riwal will initially continue to operate independently as two companies, but over time the AH-Lift depot and its employees will be integrated into the Riwal Denmark network, increasing the number of depots to six. The AH-Lift owners and key managers will remain with the business and continue to run the company under the leadership of Riwal Denmark country manager, Claus Kromann.
Riwal’s chief business development officer Søren Rosenkrands said: “The acquisition of AH-Lift enables Riwal to further strengthen its market position in Denmark. Riwal and AH-Lift are a perfect fit as both companies are specialists in powered access and have a complementary customer base because of their diversified products. AH-Lift has a strong focus on the rental of truck mounted platforms as well as spider lifts, which will be beneficial to further expand our business in that market segment across Denmark. We warmly welcome all of the AH-Lift employees into the Riwal family.”
AH-Lift managing director Finn Aaberg added: “We are pleased that our company is teaming up with the Danish market leader in powered access rental and I am confident that we will be able to further grow our product portfolio of niche products, which will be to the benefit of our customers and at the same time our employees will be able to take part in new development opportunities within the Riwal group.”
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