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
Location
Virginia, United States
Transaction Type
Buyout

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