GIS AG takes over one of their customers Lift Turn Move (LTM)
The Swiss electric chain hoist producer, GIS AG, with head office in Schötz, in Lucerne, has taken over one of its biggest customers, the enterprise Lift Turn Move (www.liftturnmove.co.uk).
The takeover took place on the 13th of June 2018. Following the takeover, all of the employees will continue to be employed. The head office of GIS Distributors, the English distributor of GIS AG, is located in Birkenhead near Liverpool. According to the managing director of GIS AG, Ivan Muri, this was a strategic takeover, with the aim of expanding in the growing target market of England. With respect to this he stated: „The employees of our new subsidiary have an excellent know-how, which will allow us to strengthen our grip especially in the market segment of the entertainment industry on an international scale.”