Alimak Group co-develops tower crane elevators together with Manitowoc

Alimak Group (Alimak), the vertical access solution company, has signed an
agreement with US based capital goods manufacturer Manitowoc Company Inc.
(Manitowoc) regarding joint development and production of specialised internal
tower crane elevators.
The agreement covers co-development and distribution of tower crane elevators.
Alimak will supply its standardised external operator elevators adapted to fit
the Manitowoc range of cranes that will be offered in both Alimak´s and
Manitowoc´s respective global sales and distribution networks. In addition,
Alimak has signed an exclusive distribution agreement with Manitowoc regarding
an internal tower crane elevator, attached within the crane´s mast, which will
be exclusively sold and distributed by Manitowoc.

The new tower crane elevator solutions will meet stringent health and safety
regulations in Europe, including the latest as laid out in France, stating that
motorized access must be available for operators climbing 60 meters or more to
the tower crane cab, and from 30 meters in the new regulation taking effect in
2017.

“We are very excited about the new agreement with Manitowoc regarding tower
crane elevators. Increased health and safety requirements on vertical access
solutions are one of the global trends that we see in both mature and emerging
markets. The new tower crane elevators provide safe and fast access to tower
crane cabs and is an additional example of our strategy to broaden our product
portfolio to service different industries and application areas”, says Tormod
Gunleiksrud, CEO of Alimak Group.

Both the internal and external product-versions will be presented for the first
time during the Manitowoc customer event on June 23-26 2015. Both elevator
solutions will be available at the beginning of 2016.

About Manitowoc Company Inc.

Founded in 1902, The Manitowoc Company, Inc. is a multi-industry, capital goods
manufacturer with 92 manufacturing, distribution, and service facilities in 25
countries.  The company is recognized globally as one of the premier innovators
and providers of crawler cranes, tower cranes, and mobile cranes for the heavy
construction industry.

Manitowoc´s Potain brand has since its inception in La Clayette, France in 1928,
been the world leader in tower crane production, with more than 100,000 cranes
sold and installed around the world.

In 2014, Manitowoc’s revenues totalled $3.9 billion, with approximately half of
these revenues generated outside of the United States. www.manitowoccranes.com

About Alimak

Alimak is a global market leader and pioneer in designing, developing,
manufacturing, distributing and servicing industrial rack-and-pinion vertical
access solutions. The Company provides 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
and strong market positions. The Company has a well-established and resilient
After Sales business and its large global installed base of ca. 21,000 units
provides unique know-how into its customers’ needs. Alimak was founded in 1948,
is headquartered in Stockholm and employs over 1,100 people across the world.
The Company had revenues of SEK 1.7 billion in 2014 and is listed on Nasdaq
Stockholm. www.alimakgroup.com

For more information, please contact

Tormod Gunleiksrud

CEO and President, Alimak Group

Tel: +46 8 402 1442

Stefan Rinaldo

CFO, Alimak Group

Tel: +46 8 402 1447

John Womack, Director of Investor Relations, Alimak Group
Tel: +46 70 678 24 99

The information above has been published pursuant to the Swedish Securities
Markets Act (Swe. lag om värdepappersmarknaden) and Swedish Financial
Instruments Trading Act (Swe. lagen om handel med finansiella instrument).

This information was released for publication at 13.00 CET on June 23, 2015.