Load Monitoring Systems Ltd (LMS) and pewag group announce strategic partnership

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15 January 2021

Load Monitoring Systems Ltd (LMS), Aberdeen based global leader in intelligent lifting products and load measurement systems, is proud to announce a new ‘Strategic Partnership’ and investment by Austrian based pewag group – one of the most established chain manufacturers in the world with innovative lifting related products. The shareholding and collaboration will strengthen each company’s unique capabilities and will increase product portfolios to expand customer support across diverse industry sectors worldwide.

Kirk Anderson, Managing Director of LMS, said: "pewag group are an established industry leader with high quality products, we are delighted with the new partnership and the investment will allow us to expand the support we currently provide our customers. By joining forces, we will introduce new high-quality products and services which will strengthen the support we can provide to both new and existing markets. The combined knowledge and experience will produce innovative world-class lifting systems for diverse global markets.”

Millar Kennedy, Sales Director at LMS, adds: "Sharing the same commitment for quality, safety and reliability as pewag group, the partnership allows us to expand our global networks and well-known product brands and to continue offering exceptional customer service which is at the core of our approach to business at LMS.”

Ägyd Pengg, Managing Director of pewag group: "We were impressed by the innovative product range and highly dedicated team at LMS. With this strategic partnership and new investment, we expect to come closer to our end-customers, becoming a full-service provider for the global rigging and lifting industry. We are excited about this new partnership and are convinced that the addition of LMS’s product range to our portfolio is the right step into a digital product future providing real-time information and greater value to our customers.”
Stefan Duller, Segment Manager lifting solutions of pewag group adds: "Our global customers within various industries such as oil & gas, renewable energy as well as subsea and aquaculture can expect new integrated and smart solutions which will make the world a safer place.”