Cibes Lift Group enters agreement to acquire Apex Lifts in the UK
08 April 2022
Cibes Lift Group has entered an agreement to acquire 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 standardized lift solutions for various applications. Specializing in lift modernization, 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 their portfolio and is renowned for their bespoke solutions, as well as for their wide competence in lift modernization, 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 for 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.
“This acquisition is an important step to further strengthen our expertise in lift modernization and maintenance in the UK. Apex Lifts and its strong team of co-workers will work together with Cibes Lift UK and other 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 co-operation”, Reyaan Shepherd, Managing Director Cibes Lift UK, concludes.
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 and China. In 2021 the Group had approximately 1200 employees and a revenue of 1,9 billion SEK.