Swedish corporate group snaps-up Doncaster-based manufacturer

Amplex, a Swedish corporate group that owns and develops technology-based businesses, acquires APP Lifting Services

APP Lifting Services operates from Doncaster and also has a smaller business unit in Barking, London from where it rents and sells standard lifting products. 

Chief executive and former owner Paul Wright will continue to lead the company after the change of ownership. 

He said: "I am very pleased to hand over ownership of APP to Amplex, which is a financially stable, committed and long-term owner that strongly believes in the power of good entrepreneurship. 

"Within the Amplex Group, APP will receive the support and tools it needs to continue its development, which will benefit our highly valued customers and employees."

Henrik Johansson, head of the industrial business area within the Amplex Group, added: "APP Lifting Services has a strong offering and high technical expertise in its market niche, which is customised solutions for heavy lifting. 

"The company's products complement our already broad product range in lifting technology and material handling, and add valuable customer relationships in the UK."

Ben Peacock and Danny Swanwick from Park Place Corporate Finance and Susie Siddall and Jonathan Schneider from Clarion advised on the deal.

 

This article was authored by Adam Beech for insidermedia.com and published under the title 'Swedish group Amplex swoops for Yorkshire manufacturer', on Swedish group Amplex swoops for Yorkshire manufacturer | Insider Media. It is reproduced above in accordance with section 30(2) of the Copyright, Design and Patents Act 1988

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