Swedish mastclimber and hoist manufacturer Alimak is to acquire the sales & service division of Texas based hoist sales and service company Century Elevators from BrandSafway.
Established in 2009, Century offers a wide range of permanent rack & pinion industrial elevators, as well as transport platforms. Based in Webster, Texas, in the south eastern Houston metro area, it covers the oil and gas, petrochemical, mining, power, commercial construction and infrastructure industries. The company is a Pega hoist and Böcker dealer, the sales & service division had revenues last year of around $9.7 million.
The Century business was acquired by BrandSafway in 2019, which will retain Century’s rental division. No details of the transaction have been published yet.
Alimak said: “The acquisition offers several strategic advantages for Alimak group, including a strengthened market position in both the US and Canada through the distribution of high quality industrial elevators and a robust service presence. Additionally, the transaction brings on board a team of highly skilled professionals, further enhancing the group’s expertise.”
“Alimak and BrandSafway are committed to further strengthening their current relationship by leveraging Alimak’s application and product expertise and BrandSafway’s extensive coverage and strong presence across the US and Canada.”
Alimak chief executive Kristian Jødahl added: “This acquisition strengthens our industrial business in the USA, which is of high strategic importance to us. We look forward to welcoming our new Century Elevators colleagues and working together to deliver long term value to customers and stakeholders.”
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