Alimak Group AB: Alimak Wins SEK 10 Million Order in Korea

Regulatory News:

Alimak Group (STO:ALIG)

Alimak Group (Alimak), the vertical access solution company, has received an order from Garam Industrial Co. LTD in Korea with an order value of SEK 10 million regarding 16 construction elevators to be delivered during the third and fourth quarter of 2015.

The order from Garam Industrial includes 16 high-speed construction elevators.

"We are very excited about this new cooperation with Garam Industrial regarding safe, reliable and efficient vertical access solutions tailored for their specific needs”, says Fredrik Betts, Executive Vice President and Head of Business Area Construction Equipment.

All of Alimak´s construction hoists are based on modular designs, which provide them with flexibility in size and capacity for use in a variety of applications, including construction and refurbishment of high-rise buildings, bridges, chimneys and façades. The modular design decreases assembly time and maintenance costs.

About Alimak Group

Alimak is a global market leader and pioneer in designing, developing, manufacturing, distributing and servicing industrial vertical access solutions. The company provide high quality hoists, elevators and platforms primarily for the industrial and construction sectors. Alimak has a global sales, services and distribution platform across more than 50 countries with strong market positions. The company has a well-established and highly resilient aftersales business and its large global installed base of ca. 21,000 units provides unique know-how into its customer’s needs. Alimak was founded in 1948, is headquartered in Stockholm and employ over 1,100 people across the world. The Group had revenues of SEK 1.8 billion in 2014.

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