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

13th January 2021

Strategic Partnership

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

For more information about LMS, visit www.loadmonitoringsystems.com
For more information on pewag group, visit www.pewag-group.com