Alimak to acquire Tractel from Cinven for $521m.

Alimak, a provider of vertical access solutions for professional use, agreed to acquire Tractel, a height safety specialist, providing reliable, innovative and cost-effective working-at-height solutions and services, from Cinven, a private equity investment firm, for $521m. "The combination of Tractel and Alimak Group will create a leading global business with significant opportunity for future growth, in a market where there is substantial room for further penetration of our joint products and services. We look forward to the next chapter of our profitable growth journey as part of the Alimak Group," Philippe Gastineau, Tractel CEO.