Clearwater International advises Sax Lift on its sale to Indutrade
Clearwater International has advised Vækstpartner Kapital, the additional shareholders and management of Sax Lift, leading lift tables manufacturer, on its sale to the international technology and industrial group, Indutrade.
Founded in 1993 and located in Vejen, Denmark, Sax Lift is a leading manufacturer of standard, customised and custom-made scissor lift tables used in production, storage, logistics, and workshops in industries such as healthcare, food, industrial, construction, and retail. The lifts enable more efficient work processes by removing the need for physical lifting and making workspaces more flexible. With a staff of 34, Sax Lift has a broad global base of recurring customers and a strong digital sales platform, using digital tools to target new customers.
Indutrade is an international technology and industrial group, developing and acquiring companies characterised by high-tech know-how, and an ability to build enduring, close relationships with customers and suppliers. The group acquires well-managed and profitable companies, with a philosophy based on entrepreneurship and decentralised leadership. Today, the company operates through more than 200 subsidiaries, with more than 8000 overall employees, in more than 30 countries. The acquisition of Sax Lift is Indutrade’s first in 2023, and will be included in the group’s Business Area Fluids & Mechanical Solutions.