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Lift Technologies sold to Calvi Holding

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0930032 B.C. Ltd.

On August 14, 2008, Lift Technologies Inc. announced that it had been acquired by Calvi Holding Srl of Italy. Lift, formerly headquartered in Canada, is a global leader in the design, assembly, manufacture and sale of masts, carriages, integral side shifters and integral fork positioners for vehicles serving in the material handling industry, with a strong presence in Westminster, South Carolina and Piacenza, Italy. Terms of the transaction were not disclosed. Calvi was advised by Stefano Mechelli of Milan, Italy and a team from Fasken Martineau that included, among others, Richard Steinberg and Don Dalik (securities); Don Weaver, David Johnson and David Ferris (banking); Rosalind Cooper (environmental); Mitchell Thaw (tax).



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