Tuesday, March 22, 2005

The acquisition of Axess4All will strengthen the Cibes Lift Group

Cibes Lift Holding has purchased Axess4All on 1st July 2005. The former division of UK Lifts is now an independent company within the Cibes Lift Group. Axess4All has successfully expanded on the UK market. The new ownership and the 100% owned subsidiary will benefit customers in the UK market with more product knowledge, better service, faster deliveries and more flexible market penetration. Axess4All has been an established name for over 5 years and is one of the leading pioneers throughout UK in introducing the platform lift to the market.

“The purchase of our distributor – Axess4All is a milestone in our company history. The strategic step - to own our distributor and get closer to the market, creates several possibilities to expand our sales”, says Mr Johan Sandberg, CEO Cibes Lift Group.

“With the support of Cibes Lift AB, Axess4All has grown to a substantial size, and now owned by Cibes, has the launch pad to grow to much greater heights. The Cibes Lift platform lift is the best in Europe in terms of aesthetics and technology. It meets the European codes which have been developed throughout Europe, hosted by BSI, an English standards organisation.” says the Management of Axess 4 All.

In 1995, Cibes Lift AB made the strategic decision to invest in the European market and to meet a goal of minimum 15% annual sales growth, which has been achieved. Today, the export sales make up 90% of Cibes Lift’s total sales. More than 50 distributors are selling the main product A5000 in 30 countries. A local network of subcontractors handles the production on a just in time basis. The company is now looking to expand its sales globally, establish on more markets and to double its revenues in the near term.

Cibes Lift AB is Europe’s leading manufacturer of screw driven platform lifts. This type of safe and reliable platform lift is particularly well suited for people with impaired mobility. Cibes platform lift does not require any lift pit or any separate lift shaft, built on-site. The total cost is one third that of a conventional lift. Cibes platforms lift come in form of a kit, just like a piece of IKEA furniture, and take only 20 hours to assemble.

For more information, please contact: Mr Johan Sandberg, CEO Cibes Lift, at +46 (0)290-295 50 or +46 (0)70-582 24 92, or via e-mail at johan.sandberg@cibeslift.com.

Mr Jason King, Axess 4 All, at +44 (0)870 241 0602, e-mail jking@axess4all.com