Cibes Lift Group Acquires Area Access Inc
March 22, 2024
Swedish elevator manufacturer Cibes Lift Group has acquired Virginia-based Area Access Inc, a distributor and service provider of residential vertical lifts in the US Mid-Atlantic. Area Access (56 employees) will become a wholly owned subsidiary while maintaining its brand and local management, strengthening Cibes' US presence as its fourth American addition.
- Buyers
- Cibes Lift Group
- Targets
- Area Access Inc
- Sellers
- Scott Hobson
- Industry
- Building Products
- Location
- Virginia, United States
- Transaction Type
- Buyout
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