Engineering company Semmco Group has been acquired by the international industrial company HAKI Safety.
Semmco Group, which designs and manufactures access platforms, steps, docking solutions and a range of ground support equipment used by airlines and MROs around the world, says the acquisition will provide further investment in the company so that it can achieve its growth goals.
Established in 1993, Semmco Group now has over 50 employees, serving the world’s leading aviation and rail operators across Australasia, North America, the Middle East and Europe from its manufacturing hubs in the UK and the US, and with its sales office based in Dubai.
HAKI Safety is an international Sweden-based industrial group focusing on safety products and solutions that create safe working conditions at temporary workplaces. The Group has annual sales of around SEK 1.2 billion and since 1989, has been listed on Nasdaq Stockholm stock exchange.
HAKI Safety offers a wide range of products and solutions within system scaffolding, work zone safety, and digital and technical solutions. The company has 300 employees, with offices and manufacturing sites in eight countries in Europe, as well as a sales office and depot in Canada.
Stuart McOnie, Semmco founder, said: “We have an enviable reputation and a comprehensive range of products and have now reached a point in the company’s growth ambitions where new investment is needed to take the business forward to the next level.
“We took our time to find the right partner with the same focus on manufacturing excellence and business integrity. I believe that HAKI Safety is the right business to take Semmco forward to continued success.”
Sverker Lindberg, president and chief executive of HAKI Safety, said: “We continue the Group’s growth journey and focus on products and solutions that create safe working conditions in complex environments. The acquisition of Semmco aligns with our strategy to grow through acquisitions, grow in geographies and within sectors with complex needs.
“This acquisition allows HAKI Safety to expand into the aviation and rail sectors, which is very exciting. The company’s culture and way of working are similar to ours. Like us, Semmco works very closely with its customers, from design to delivery and beyond.
“We see a healthy growth potential in the company, as well as opportunities for sales and production synergies in the future.”
As a result of the sale, Stuart McOnie will leave the business at the end of the year. His son, Will McOnie, will continue in his role as managing director for the Semmco Group, working with the new owners to achieve the long-term business goals.
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