Cibes Lift Group AB

R12 divests Cibes, a global platform lift manufacturer from Sweden

Press Release   •   Jun 09, 2017 07:10 GMT

R12 has divested Cibes, a leading supplier of platform lift solutions based in Gävle, Sweden, and with global operations. Acquiror is the investment company Nalka, who wishes to continue supporting Cibe's strong development through continued focus on product development and proximity to the customer.

  • –We are impressed by Cibes in everything from products to employees, and we now want to support the company's continued development, says Henrik Jonsson, CEO of Nalka.

R12 acquired Cibes in 2003 and has in the last 14 years supported the development of the company from a small, production-focused manufacturer to a world-leading and market-driven supplier of platform lift solutions. R12 now sees opportunities to further increase the company's growth under Nalka's ownership.

  • –R12 has been a very good owner who, that with patience, capital, expertise and network, has supported the development of Cibes, from a local company with 38 employees with a turnover of 100 million, to a company with 350 employees and a turnover of 800 million and with sales in over 50 countries. With Nalka as long-term owner, we can now continue our international journey, making Cibes a truly global company, says Mats Engblom, CEO of Cibes.

FACTS:

R12 is a Swedish investment company managed by co-owners Per Hesselmark and Hans Ramel. The company’s largest owner is Robert af Jochnick together with his three sons. R12’s investment operations are focused on Scandinavia, though other parts of Europe are important for add-on investments. R12 owns, inter alia, Twilfit, Aditro, MEWAB, NCAB och Nimbus Boats. Read more here: www.r12kapital.se

Nalka is a Swedish investment company that invests in small and medium-sized Nordic companies with the goal, as a committed owner in cooperation with management and employees, of developing an independent, competitive and long-term profitable company. Nalka owns Ryds Bilglas, Hööks Hästsport, Office Management, Lekolar and Nordic Modular Group. Read more here: www.nalka.se

Further information

Mats Engblom, CEO Cibes, mats.engblom@cibeslift.com, telephone: +46 26 17 14 00

The Cibes Lift Group is one of the leading European manufacturers of lift solutions aimed at improving accessibility in public and private environments. The Group develops, manufactures, sells and installs a broad portfolio of lift models. Cibes Lift Group distributors can be found all over the world under the brand names Cibes Lift, Kalea Lifts and NTD Lifts. The company is currently experiencing strong growth with a turnover in excess of SEK 7000 million, approximately 360 employees in fourteen countries,headquarter in Gävle, Sweden.