PRESS RELEASE 2021-07-09
Motala Hissar AB to change ownership
Motala Hissar AB, a pioneer in the platform lift industry, will change ownership effective from August 31, 2021. Today, we announce that Investment AB Latour (publ) has, through its wholly-owned subsidiary Aritco Group AB, has signed an agreement to acquire 100 per cent of the shares in Motala Hissar AB from KONE AB.
Motala Hissar was acquired by KONE in the 1990’s and it has become one of the leading platform lift manufacturers with innovative products and strong market presence across Northern Europe. KONE plans to continue the commercial relationship with Motala Hissar, by being a distributor for Motala Hissar’s products.
Motala Hissar will focus on developing its platform lift manufacturing and securing its position in the market. “Together with Aritco, we will be able to strengthen our offering, further expand internationally and develop our business here in Motala. We look forward with great confidence to an exciting new phase in the company’s history”, says Stefan Westin, CEO of Motala Hissar.
About Motala Hissar AB
Motala Hissar AB was founded in 1972 and acquired by KONE in the 1990’s. Since the 1980’s Motala Hissar has mainly focused on platform lifts for making buildings more accessible. The company operates within the areas of product development, manufacturing, export, sales, support and spare parts. Motala Hissar