Clearwater has advised Lipac Liftar, one of the largest aerial work platforms (AWPs) rental companies in Sweden, on its sale to Riwal.
Since founded in 1972, Lipac Liftar has established a fleet of more than 1,000 lifts and is one of the largest aerial work platforms (AWPs) rental companies in Sweden. The company was acquired by Riwal, an international reseller and rental provider of AWPs and telescopic handlers.
Transaction
Clearwater advises Lipac Liftar on its sale to Riwal
Transaction
Lipac Liftar sold to Riwal
Sell-side
Undisclosed
Role
Adviser to Lipac Liftar on its sale to Riwal
Sector
Business Services
Region
Sweden
Sweden is one of the most important areas in our growth strategy. The acquisition of Lipac will considerably strengthen Riwal’s position in Sweden. The synergy effects of the merger of Riwal and Lipac are strong. Both companies are specialists in machinery for working up high, have depots in complementing locations and we both focus on delivering the best customer experience with safety and sustainability as core values. We welcome all Lipac employees to the Riwal family.
We are pleased to merge with one of the leading provides of AWP rentals in the world. By uniting our knowledge and resources, I’m convinced that we will be able to further develop our combined business in the Swedish market, which will benefit our customers. Also, the employees will be able to make use of new development possibilities within the international Riwal group.
Through the acquisition of Lipac, Riwal will benefit from a strong AWP rental platform in Sweden. The two companies will, through continued investments in both the organisation and its fleet, be able to achieve a market leading position.
