Independent Scottish lift company, Caltech Lifts, is acquiring Scotlifts Scotland Ltd, a respected competitor, in a deal set to grow it to £1.9m turnover and more than 1,000 lifts maintained across the UK.
The family firm formally takes over Angus-based Scotlifts Scotland Ltd in a cash deal on Friday for an undisclosed sum. It’s the company’s first acquisition and continues its growth trajectory.
Scotlifts Scotland owner, Scott Murray, will join the management team as Caltech’s new installations manager and his employee and company assets will transfer over too. Scotlifts Scotland’s 50 contract clients across Dundee, Perthshire and the Highlands will also move to Caltech.
Caltech managing director Andrew Renwick said: “We’re delighted to have successfully acquired Scotlifts Scotland Ltd and have Scott join us because he’s built it over 15 years into a highly-regarded company with a loyal service contract base in our key operational area.
“Scott is one of the most talented lift engineers in Scotland and has built an enviable reputation across the UK for the quality of his work. As a result it’s very hard to secure him as a sub-contractor because he has a huge waiting list of multinational lift companies wanting to use him to install their lifts across the UK.
“To have Scott on our installation and repairs team full-time will significantly strengthen our engineering capability as he will be heavily involved in both a hands-on role as well as supervising other engineers and training apprentices.
“Having Scott on our management team will also assist us with our growth aspirations.”
Scott Murray said: “I’m very pleased to join Caltech Lifts as its reputation for excellent work and service is well known in the UK industry and this is an exciting time to be joining it. I’m looking forward to helping Caltech continue its growth path.”
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