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BRIDGEPORT, CONN. – Alimak Hek, the world’s leading manufacturer of rack and pinion driven equipment for vertical transportation, announces that it has purchased the manufacturing and design business from Champion Elevators, a U.S.-based manufacturer of rack and pinion construction hoists and industrial lifts.
Champion Elevators’ serves the construction industry with temporary hoists, as well as industries such as offshore, oil and gas, refineries, and power with permanent industrial lifts. The Alimak Hek Group is a global, leading supplier of mast climbing equipment and added value services for both temporary and permanent installations providing vertical access solutions for people and materials in the construction industry.
Alimak Hek Group President and CEO Petter Arvidson says this major purchase is another key step in securing the company’s market leadership position: “With the acquisition of Champion’s assets we strengthen our position both globally and in the U.S. market in our core business. In addition to a further enhanced product and service offering for our customers, we expect significant synergy effects from merging our existing operations in the U.S. with the acquired Champion business.”
Products will retain the Champion brand name, similar to the Alimak and Hek product lines of Alimak Hek. All Champion and Alimak Hek products will be sold in the U.S. through a joint sales force. Alimak Hek and Champion plan to leave all major products largely unchanged and respect customer product preferences, with the intention of further improving products and services to secure a strong position and meet increasing competition both from local and foreign manufacturers.
Dale L. Stoddard, president of Alimak Hek Inc. for the U.S., will head up the new organization, including both the present Alimak Hek business and the acquired Champion business in the US. “I believe this is a great opportunity for both the Champion and Alimak Hek organizations,” said Stoddard. “We will now have a complete range of products and services meeting customer needs even better, both on the U.S.-market and internationally.”
During the first half of this year, the Alimak Hek headquarters in the U.S. will be re-located from Bridgeport, Conn., to the Champion Elevator location in Houston, Texas. The joint new business will start operating immediately.
About Alimak Hek
Alimak Hek Group is the world’s leading supplier of mast climbing equipment and added value services for both temporary and permanent installations providing the most cost efficient, reliable, and flexible vertical access solutions for people and materials in the construction and general industry. The Alimak Hek Group is jointly owned by two private equity companies, 3i and Ratos.
I am extremely pleased to announce that Autodesk has signed a definitive acquisition agreement with the intent to acquire Constructware. Autodesk plans to acquire all of the business of Constructware and retain the vast majority of its current employees for $46 million USD.
As many of you probably know, Constructware's ultimate vision has always been to become "the communication standard across the design, construction and facility lifecycle". By combining our team with the Autodesk team our vision can unquestionably be realized. It is very gratifying to join an organization that shares a very similar vision for the design and construction industry.
Undoubtedly, we will have numerous challenges ahead of us. These hurdles will be similar to those that Constructware's team has already conquered to reach our current status and level of success. Brian and I are excited about our new opportunity to join the Autodesk organization and are undertaking an active leadership role within product management, development and business development. We are confident this newly combined team is positioned to perform exceptionally well.
You may ask yourself why Constructware is taking this step. Let me share with you a few bullet points that will highlight our thinking:
What attracted Autodesk to Constructware?
What should you our clients expect?
To summarize, Autodesk has signed the agreement to acquire Constructware and the transaction will likely close in approximately 45 days. Please continue to contact Constructware as normal so that we can address your needs; expect the same level of service that you have grown accustom. It will be business as usual for Constructware and our clients.
Thank you for your loyal support and patronage.
For further information visit: www.autodesk.com/constructware
Press release: http://redirect.aecdaily.com/s18122/images.autodesk.com/adsk/files/Autodesk_Constructware_Press_Release.pdf
Our clients are our success!
Scott Unger, CEO
Constructware
Simonton Windows®, SimEx™, Fypon®, Dixie-Pacific™ and Hy-Lite® Products to Join $7 Billion Leading Consumer Brands Company
PARKERSBURG, W. VA. (February 10, 2006) – SBR, Inc. and Fortune Brands, Inc. (NYSE: FO) today announced a definitive agreement for Fortune Brands to acquire SBR through a tax-free merger. The acquisition includes the home products brands of SBR, including Simonton Windows®, SimEx™, Fypon®, Hy-Lite® Products and Dixie-Pacific™.
Operations will continue as they have in the past at the SBR home products subsidiaries with no planned employee cutbacks or facility closings as part of the merger. Fortune Brands intends for SBR and each of its subsidiaries to continue running independently, with support from its $4 billion Home & Hardware business that includes Moen, the #1 faucet brand in North America, MasterBrand Cabinets, the #2 supplier of kitchen & bath cabinetry, Therma-Tru, the #1 brand of residential entry doors, Master Lock, the world’s #1 padlock brand, and Waterloo, the world’s largest manufacturer of tool storage products.
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