Anlev Engineering, a subsidiary of Anlev, has acquired stakes in two British elevator companies.
Anlev Engineering has announced that its international brand, Anlev Elevator Group, has recently completed the acquisition of a 51% stake in CW Lifts Limited, a British elevator company, and 100% ownership of Precision Lift Services Limited. JCW and Precision will continue to have a certain degree of autonomy, while Anlev will provide a wider range of design and product offerings for these two companies.
Anlev Engineering (01977.HK) announced that its international brand, Anlev Elevator Group, which specializes in elevators, escalators, and moving walkways, has recently completed the acquisition of a 51% stake in CW Lifts Limited, a UK elevator company, and 100% ownership of Precision Lift Services Limited. JCW and Precision will continue to have a certain degree of autonomy, while Anlev will provide a wider range of designs and product lines for these two companies. Pan Letao, the Chairman of the group, stated that the recent successful acquisition and execution of large elevator contracts in Manchester, Birmingham, and London have laid the foundation for the group's presence in the European market. In the future, Anlev will be able to provide comprehensive and one-stop elevator and escalator services to its British customers. He also mentioned that Anlev will continue to seek business partners that have synergistic benefits and align with strategic goals and values, as well as identify new distributors to further promote its global expansion plans. (gc/a)
