SafeWorks, a a global leader in the design and manufacture of suspended access products and a portfolio company of Evergreen Pacific Partners, has acquired DualLift GmbH, a German maker of traction hoists.
The financial terms of the deal weren’t disclosed.
Founded nearly 70 years ago and led by Scott Farrell, CEO, SafeWorks offers fully-integrated manufacturing and engineering solutions for customers that require aerial access for construction, repair or maintenance. It designs and builds hoists, service lifts, climb assist systems, platforms, rigging devices and other safety products and provides training and services.
Founded in 2008 and led by JörgBlasek, President, DualLift is an approved man-lifting hoist supplier (400KG -2500KG) to the commercial elevator companies and manufacturers of wind turbine elevators. The company has a full line of electric traction hoists designed for material lifting.
Following the close of the transaction, SafeWorks will provide DualLift with access to the North American sales and rental markets, along with drum hoists, modular and custom platforms, special application solution expertise and additional engineering capacity. In the meantime, DualLift will provide SafeWorks with market access in Germany.
FinSMEs
02/07/2015