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Cibes Lift Group acquires American lift distributor Area Access Inc

2024-03-22

Cibes Lift Group acquires American lift distributor Area Access Inc

Cibes Lift Group acquires Area Access Inc, a distributor of vertical lifts headquartered in Virginia, USA. With the acquisition, Cibes Lift Group expands its presence in the United States and strengthens its capacity to deliver innovative solutions to customers across the country. The addition of Area Access Inc marks Cibes’ fourth US addition to the group.

With a dedicated workforce of 56 employees spread across Richmond, Norfolk, and Manassas, Area Access delivers residential elevators, maintenance and service in the American Mid-Atlantic. Since its founding in 1983, Area Access has established a position as a key player and trusted partner in the industry. Amongst many other great projects, Area Access Inc has delivered solutions for the four latest Presidential Inaugural Stands.

“We are thrilled to welcome Area Access into the Cibes family. This acquisition strengthens our position in the market and allows us to better serve our customers with an expanded range of solutions and services. We look forward to working together and leveraging the expertise of Area Access’ talented team.”, says Per Lidström, Cibes Lift Group CEO.

Following the completion of the transaction, Area Access will be a wholly owned subsidiary of Cibes Lift Group but will maintain its strong brand, ensuring continuity and familiarity for its customers. The business will be run by Managing Director, Kenneth Hardee, who has been with Area Access Inc since 1998. Scott Hobson, current owner, and CEO of Area Access will leave the business but will support Kenneth and the business during the transition process.

“Embracing Cibes Lift Group as our strategic partner ensures a bright future and a secure foundation for our employees. This acquisition marks our evolution from private ownership to an alliance within the elevator industry, fostering confidence and unlocking countless opportunities for our team and operations. Additionally, the collaboration between Cibes Lift Group and Area Access Inc will spark innovation and bring greater value to all our stakeholders,” says Scott Hobson, owner, and CEO of Area Access Inc.

The acquisition is planned to be completed during the first quarter of 2024. The addition of Area Access Inc marks the fourth US acquisition for Cibes Lift Group. Previous additions to the group include American Elevator of Atlanta (Georgia), Bella Elevators (Illinois) and Elevator Service Company (Connecticut).

For media inquiries or further information, please contact:
Per Lidström, CEO & President of Cibes Lift Group, +46 26 17 14 00
Michael Graff, VP Sales Americas Cibes Lift Group 770-815-6503

About Cibes Lift Group:
Cibes Lift Group is one of the world’s most innovative manufacturers of space-saving lifts designed for fast and easy installation, also offering a wide range of conventional lift solutions. Thanks to the wide range of lift products and a flexible design concept, the lift solutions of Cibes Lift Group adapt to the requirements of public, commercial, and private settings. Sales, installation, and maintenance services are provided by a global network of subsidiaries and partners. The company group is headquartered in Gävle, Sweden, and has production facilities in Sweden, Poland, China, and USA. In 2023 the Group had approximately 1600 employees and a revenue of 3,6 billion SEK.

www.cibesliftgroup.com
www.cibessymmetry.com
www.areaaccess.com

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