Alimak Group divests the US Rental operation to Bigge Crane and Rigging

Alimak Group, the global vertical access solution company, announces that it has
entered into an agreement to divest its US Rental business with base in Atlanta,
US, to Bigge Crane and Rigging
Alimak Group operates a small rental business in the US, whose origins predate
the merger between Alimak and Hek in 1999. The US Rental business has been
operated as a separate unit within the Alimak US operation. The divestment will
allow a stronger focus on product sales as well as after sales services
supporting Alimak´s entire product portfolio in the US and Canada.


“The divestment is a logical step in Alimak Group´s strategy of growth in its
core business as it allows our US operation to fully focus on further expansion
of our broad offering of products and aftersales services in North America.
Bigge is one of America´s premier global crane companies and has been a long and
valuable customer to Alimak. They have a vast experience of working with Alimak
equipment and I feel confident that our existing rental customers will see
benefits from the new owner” says Tormod Gunleiksrud, CEO of Alimak Group.

“Bigge is pleased to add Alimak’s US Rental business to our operation. Bigge has
an extensive network of locations and expertise in rental of construction hoist
and related equipment, and this addition is consistent and synergistic with our
core business. Bigge has had a long term relationship with Alimak, and Alimak
product is central to Bigge’s existing fleet of construction hoist and related
equipment,” says Weston Settlemier, CEO of Bigge Crane and Rigging Co.

The US Rental business had in 2015 a revenue corresponding to approximately 1%
of the Group´s total revenue. For business area Rental the corresponding figure
was 9%. The purchase price amounts to USD 2.4 million.

Alimak Group´s Rental business area provides rental services on Alimak´s
construction hoists and platforms to customers in four key markets: France,
Benelux, Germany and Australia as well as offers sales of Alimak´s used
construction equipment.

The divestment will be subject to customary regulatory approvals and is expected
to close before year end 2016.

For further information:
Tormod Gunleiksrud, CEO of Alimak Group, Phone: +46 8 402 14 00
Sofia Wretman, Head of Communications & IR of Alimak Group, Phone: +46 8 402 14
41

This information in this release is such that Alimak Group AB is obliged to make
public pursuant to the EU Market Abuse Regulation and the Securities Markets
Act. The information was submitted for publication, through the agency of the
contact persons set out above, at 18.00 CET on September 20, 2016.

About Alimak Group
Alimak is a global market leader and pioneer in designing, developing,
manufacturing, distributing and servicing industrial and construction 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 70 countries
with strong market positions. The company has a well-established and highly
resilient aftersales business and its large global installed base of ca. 22,000
units provides unique know-how into its customer’s needs. Alimak was founded in
1948, is headquartered in Stockholm and employ over 1,200 people across the
world. The Group had revenues of over 2000 MSEK in 2015. www.alimakgroup.com

About Bigge

Bigge is 2016 celebrating its 100th anniversary as one of America’s premier
crane sales, crane rental, and project services companies. Bigge provides heavy
lifting, heavy rigging, specialized transportation, equipment, and innovative
engineering solutions for some of the most challenging projects across the U.S.
Bigge currently owns and maintains one of the largest inventory of new and used
cranes for sale in the U.S. and globally. www.bigge.com