Handelsbanken provides loan facilities to Alimak Group for the purpose of financing the acquisition of Tractel
Svenska Handelsbanken AB (publ) has provided term and bridge loan facilities in an aggregate amount of EUR 300 million and SEK 2.09 million to Alimak Group AB (publ) for the purpose of financing Alimak Group’s acquisition of Tractel. The acquisition was completed on 21 November 2022 and adds a new vertical into Alimak Group, the Height Safety & Productivity Solutions division.
Alimak Group is a world-leading provider of sustainable vertical access and working at height solutions, listed on Nasdaq Stockholm. With presence in more than 120 countries, the Group develops, manufactures, sells and services vertical access and working at height solutions with focus on adding customer value through enhanced safety, higher productivity and improved cost efficiency. The Group has a large installed base of elevators, service lifts, temporary and permanent hoists and platforms and building maintenance units around the world. The solutions portfolio also comprises of height safety protective equipment, load measurement & control, lifting & handling, and a global after-sales business model, with recurring revenue from spare parts and services such as inspection, certification, maintenance, refurbishments, replacements and training. Founded in Sweden 1948, the Group has its headquarters in Stockholm, 24 production and assembly facilities in 15 countries and approximately 3,100 employees.
Handelsbanken was advised by Mannheimer Swartling in the transaction.
