Alimak exits Russia

Alimak Group is stopping all its operations in Russia and pulling its business out of the country. 

The Sweden-based company said that it had made the decision to exit Russia, due to recent events and following European Union sanctions. This latest development follows Alimak’s annoucement in early March that it had suspended all deliveries to customers in Russia and would not to pursue any new sales. 

Ole Kristian Jødahl, CEO at Alimak Group, said, “In the light of recent developments, we have evaluated the situation and decided to exit our Russian operations. We have initiated a controlled exit process and we will do our utmost to ensure that our employees in Russia are taken care of in the best possible way during this process.” 

Alimak has 15 employees in Russia and the company said the process will be executed with considerations towards those employees and its customers.

The company added that the actions are not expected to have any material impact on group financial results.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Access International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Fifth IAPA judge announced
Pedro Torres, CEO of Riwal, takes the final judging place ahead of the March 2024 event 
French rental survey finds growth, but trend is down
DLR survey reports year-on-year growth, but that’s not the full story
SAIA holds Board of Directors elections for half its regions
New Directors in even-numbered regions now have three-year terms
CONNECT WITH THE TEAM
Euan Youdale Editor, Access International Tel: +44 (0)1892 786 214 E-mail: euan.youdale@khl.com
Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
CONNECT WITH SOCIAL MEDIA