Cibes Lift Group Enters Agreement to Acquire Apex Lifts
Cibes Lift Group has entered an agreement to acquire UK company Apex Lifts to strengthen their customer offering and presence on the UK market.
Headquartered in Bexleyheath, South London, Apex Lifts provides a wide range of bespoke and standardised lift solutions for various applications. Specialising in lift modernisation, installation, and maintenance for the past 50 years, Apex Lifts has gained a strong geographical presence in the Greater London area.
“Apex Lifts is an important acquisition for Cibes Lift Group, strengthening our position in the strategically important London area. Together with our earlier acquisition of Titan Elevators, we will be amongst the largest independent lift companies in the UK. We are really looking forward to delivering a strong product and service portfolio to new and existing customers and expanding our UK business together with Apex Lifts”, says Per Lidström, CEO of Cibes Lift Group.
Apex Lifts was founded in 1970 and has grown ever since, building a large customer base across the UK. At present, the company has more than 3500 maintenance contracts in its portfolio and is renowned for its bespoke solutions, as well as for its wide competence in lift modernisation, installation, and maintenance.
Cibes Lift Group will acquire full ownership of Apex Lifts, but the company will retain its company name and continue to be run as an independent company. Previous Apex Lifts owner, Warren Jenchner, will retire from the position of Managing Director (MD) and Rey Shepherd, current UK MD of all Cibes UK subsidiaries, will assume the role of MD also for Apex Lifts, focusing on the future collaboration and synergies between Cibes, Titan Elevators, and Apex Lifts.
“This acquisition will take Apex Lifts out of private ownership and into a larger group of lift companies, bringing a wealth of benefits for our business, its employees, and more importantly, our customers, by providing the financial stability to further strengthen our market position and growth. Through this acquisition, we also secure the future of our organisation and a stable environment for our well-respected employees. I don’t think I could have found a better partner than Cibes Lift Group and I am confident in the future”, says Warren Jenchner, previous owner, and Managing Director of Apex Lifts.
Per Lidström, CEO & President, Cibes Lift Group
“This acquisition is an important step to further strengthen our expertise in lift modernisation and maintenance in the UK. Apex Lifts and its strong team of co-workers will work together with Cibes Lift UK and Cibes owned company Titan Elevators, to improve our joint customer offering across all business segments. We look forward to welcoming all Apex co-workers into the Cibes family and our future cooperation”, Reyaan Shepherd, Managing Director of Cibes Lift UK, concludes.