01 Dec 00
Alimak buys Hek from Thyssenkrupp
Swedish investment company Atle, which owns access specialist Alimak, today announced that it had bought Dutch access company Hek International Group from ThyssenKrupp. Atle Industri's deputy chief executive Hans Werner said that the acquisition was in line with Atle's overall strategy and expansion plans for the Alimak group. Alimak and Hek will remain separate and independent entities, brought together as equal partners under a new parent company based in Stockholm. They will maintain their respective identities and continue production and supply of equipment, parts and support to all their customers. The new group claims it will be the world's largest source of rack and pinion access equipment for construction, industrial and other applications. Atle has not ruled out further acquisitions that could provide a natural extension of the existing product ranges.