Alimak Group (ALIG) M&A announcement summary

Deal rationale and strategic fit

• Acquisition targets a leading North American provider of suspended access and fall protection solutions, expanding presence in both the U.S. and Canada and diversifying exposure to low- and mid-rise building segments while maintaining leadership in high-rise solutions.

• Broadens access and safety solutions portfolio, enhancing growth potential and customer offering.

• Supports diversification, resilience, and aligns with the ongoing 'New Heights' strategy for profitable growth and operational excellence.

• Pro-Bel's established business and profitability align with the strategy to deliver sustainable, profitable growth.

Financial terms and conditions

• Purchase price is CAD 200 million (SEK 1.37 billion), with CAD 177 million paid at closing and CAD 23 million deferred for 18 months.

• Pro-Bel reported CAD 69 million in revenue and CAD 24 million adjusted EBITA (34.6% margin) for the last 12 months.

• Transaction financed through existing credit facilities, temporarily increasing leverage above the 2.5x target, expected to normalize by year-end.

• Acquisition multiple of 8.3x adjusted EBITA.

• Depreciation is low, around CAD 0.5 million per year due to lack of in-house manufacturing.

Synergies and expected cost savings

• Significant operational synergies expected through combined purchasing, cross-selling, sharing best practices, and increased purchasing volume.

• Enhanced operational efficiencies anticipated from standardized, modular design and disciplined inventory management.

• Combination will be margin accretive and broaden the customer offering.

• Potential to export Pro-Bel’s proven operating model internationally over time.