Stertil-Koni Announces Strategic Acquisition of ALM Corporation and Fleet America Service Technology

New product offerings and production facilities to positively impact continued growth

STEVENSVILLE, Md. (July 16, 2008) —Stertil-Koni USA, the world’s leading provider of heavyduty lifts to the vehicle maintenance industry, formally announced the completion of two key acquisitions today.

On July 1, 2008, Stertil-Koni USA’s parent company, Stertil B.V., acquired ALM Corporation based in Streator, Ill. ALM, a 23-year-old manufacturer of lifts has been noted for quality manufacturing. ALM’s acquisition fulfills Stertil-Koni’s goal of establishing a world-class manufacturing presence in the United States and a platform from which to supply the increasing global demand for the company’s full range of heavy-duty lift products.

On July 2, 2008, Stertil B.V. acquired the full assets of Fleet America Service Technology, a Maryland corporation located in Manheim, Pa. Fleet America Service Technology is responsible for the development and fabrication of an innovative shallow pit designed heavy-duty scissors lift. The patent-pending multi-scissors lift offers the optimum in axle-based vehicle lifting. The proprietary lift will continue to be manufactured in the Manheim facility located one hour east of Harrisburg.

Stertil-Koni began operations in Maryland in January 1997. From an inauspicious beginning with negligible market share and insignificant sales the company rapidly grew to dominate the heavy-duty mobile lift industry in the United States.

From the start, Stertil-Koni focused on becoming the leader in all aspects of lifting for heavyduty vehicle maintenance. From a single mobile lift product offering in 1997, Stertil-Koni’s operation expanded to include mobile two-post lifts, four-post lifts, parallelogram lifts and most recently in-ground hydraulic lifts and half-scissor lifts.

“Stertil-Koni’s strategic goal was to manufacture and market a full range of high-quality lifting devices for the heavy-duty user,” said Stertil-Koni USA President Jean DellAmore. “And that remains our strategy today.”

“The integration of these two companies into Stertil-Koni’s portfolio allows the company to offer the widest spectrum of heavy-duty lifting devices available anywhere on the planet. It fulfills Stertil-Koni’s long-term objective of becoming the global one-stop-shop for all potential users of heavy-duty lifts” DellAmore concluded.