Anlev Achieves New Milestones for Global Expansion

HONG KONG SAR –
Media OutReach – 18 October 2023 –
Analogue Holdings Limited (“Analogue” or the “Company”, together with its subsidiaries, collectively the “Group”) (stock code: 1977), a leading electrical and mechanical (“E&M”) engineering service provider in Hong Kong, is pleased to announce its global brand of lifts, escalators and moving walkways,
Anlev Elevator Group (“Anlev“), has completed the acquisition of two lift companies in the United Kingdom, achieving another milestone in its strategy to go global.

When Anlev was founded in 1991, it was envisaged “A
New
Lift and
Escalator
Vision” and therefore named Anlev. Over the years, Anlev has been expanding its business with the mission to provide safe, comfortable, energy efficient and reliable lifts and escalators to global market. Anlev’s strategy into building alliances outside of Hong Kong began in 2019 through an equity acquisition of
Transel Elevator & Electric Inc. (“TEI“), one of the largest independent lift and escalator companies in New York. Meanwhile,
Anlev (UK) Limited was set up in 2020 to gain a foothold in Europe. Today, Anlev products from its own manufacturing facilities in Nanjing, China are exported to over 20 countries covering six continents serving millions of customers, gaining their long-term trust and support.

To further its global expansion strategy, Anlev has recently completed two acquisitions in the UK market. Anlev now owns 51% of
JCW
Lifts
Limited (“JCW“) and 100% of
Precision
Lift
Services
Limited (“Precision“), both successful lift businesses in the UK.
JCW is based in Yorkshire with focus in London, Manchester, Leeds and other major cities, and a reputation for its skills to install all types of high-rise passenger and goods lifts. Based in Essex,
Precision sells and modernises all types of lifts with repair, routine and comprehensive services across the South East England.

Dr Otto Poon Lok-to, Chairman of Analogue Holdings Limited, said, “I am delighted to note our recent success in securing and executing sizeable lift contracts in Manchester, Birmingham and London. With the acquisitions of
JCW and
Precision,
Anlev Elevator Group will provide comprehensive one-stop lift and escalator services for customers in the UK, as well as establishing our position in Europe.”

JCW and
Precision will be given considerable autonomy while Anlev will provide these two companies with access to a wider array of designs and products to further strengthen their capabilities and businesses – a win-win for all.

“Anlev will continue to explore suitable synergistic business partnerships that align with our strategic goals and values, and seek new distributors to further our global expansion plan,” Dr Poon concluded.

Hashtag: #AnalogueHoldingsLimited

The issuer is solely responsible for the content of this announcement.