Denmark's Avanti Wind Systems is being acquired by Swedish lifts suppliers Alimak for €91m ($97m). Avanti provides vertical access solutions to the wind industry and has more than 30,000 service lifts installed globally. The deal will see the Danish company become a subsidiary of Alimak, which already owns the world's largest lift manufacturer, Vestas. The deal is is expected to go through in Q1 2017, subject to regulatory approval.
Denmark's Avanti Wind Systems is being acquired by Swedish lifts suppliers Alimak for €91m ($97m). Avanti provides vertical access solutions to the wind industry and has more than 30,000 service lifts installed globally. The acquisition will help the company expand and diversify its global offering of industrial vertical access solutions, said Alimak CEO Tormod Gunleiksrud. The deal is is expected to go through in Q1 2017, subject to regulatory approval.