# Alimak Group to acquire Tall Crane Equipment LTD

Alimak Group has entered into an agreement to acquire 100% of Tall Crane Equipment LTD, a Canadian hoist and crane rental services provider headquartered in Langley, British Columbia. The purchase price is approximately MSEK 215 (MCAD 27) on a cash and debt-free basis, with potential earn-out of up to MSEK 105.

- Type: Acquisition
- Announced: 2022-07-18
- Where: Langley, British Columbia, Canada
- Value: $20.5M (215.0M SEK)
- Status: announced
- Products: hoist and crane rental services
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Alimak Group](https://endata.com/companies/19539.md) (acquirer)
- [Tall Crane Equipment LTD](https://endata.com/companies/64219.md) (target)
- [Tractel](https://endata.com/companies/64495.md) (target)
- [Fifth Cinven Fund](https://endata.com/companies/64504.md) (partner)

## Sources

- [corporate.alimakgroup.com](https://corporate.alimakgroup.com/en/alimak-group-ab-alimak-group-to-acquire-tall-crane-equipment-ltd/), 2022-07-18: "I am pleased to welcome Tall Crane Equipment into Alimak Group."
- [vertikal.net](https://vertikal.net/en/news/story/40210/alimak-to-acquire-tractel), 2022-08-02: "Alimak is to acquire Tractel the French international suspended platform, mastclimber, work at height safety equipment and lifting tackle group, from current owner Fifth Cinven Fund."
- [scaffoldmag.com](https://www.scaffoldmag.com/news/alimak-group-closes-acquisition-of-tall-crane/8022934.article?zephr_sso_ott=pgU4gy), 2022-08-29: "This acquisition reflects our strategic goal of being close to our customers in the markets they operate."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.