Sale to industrial
AAK Safety sold to B&B Tools / Cresto
AAK Group AS signed on 22 December 2016 an agreement to sell its shares in the subsidiary AAK Safety AS to Cresto AB, a fully owned subsidiary of Stockholm exchange listed B&B Tools AB
2016

The creation of a new market leader through acquisition

AAK Safety offers integrated equipment and training solutions for work at heights to professional users in Norway and the Nordics. The company delivers both training, safety products, consulting and inspection/maintenance. Customer groups include power utilities, telecom utilities and the construction sector.

Through the acquisition of AAK Safety, B&B Tools will become the undisputed Nordic market leader within equipment and training solutions for safe work at heights.

AAK Safety is a Norwegian company with operations at Åndalsnes, Bergen and Steinsholt in Vestfold, Norway. The company brings together highly skilled professionals, many with advanced climbing skills from both Norway and internationally. The company was founded by mountaineers in Romsdalen, Norway and celebrates its 30th anniversary in 2017. The company is recognized as an independent, trusted partner to the most demanding customers requiring total solutions to working safely at heights.

Cresto is the Swedish market leader for safe work at heights located in Halmstad, Sweden. The company was founded in 1999 and has been a subsidiary of the B&B Tools group since 2002. The company produces equipment and delivers services to customers demanding the best solutions for safe work at heights in the Nordics as well as in select countries on the European Continent.