Valentum advised the owners of Lipac Liftar on the sale to Riwal.
Lipac Liftar is one of the largest aerial work platforms (AWPs) rental companies in Sweden and has, since the foundation in 1972, established a fleet of more than 1,000 lifts. The company was acquired by Riwal, an international reseller and rental provider of AWPs and telescopic handlers.
Søren Rosenkrands, business development manager at Riwal comments: “Sweden is one of the most important areas in our growth strategy. The acquisition of Lipac will considerably strengthen Riwal’s position in Sweden. The synergy effects of the merger of Riwal and Lipac are strong. Both companies are specialists in machinery for working up high, have depots in complementing locations and we both focus on delivering the best customer experience with safety and sustainability as core values. We welcome all Lipac employees to the Riwal family”.
Per Hedebark, owner and CEO at Lipac adds: “We are pleased to merge with one of the leading provides of AWP rentals in the world. By uniting our knowledge and resources, I’m convinced that we will be able to further develop our combined business in the Swedish market, which will benefit our customers. Also, the employees will be able to make use of new development possibilities within the international Riwal group”.
Valentum’s project team consisted of Tomas Almgren and Oscar Coster