The Italian-based giant which owns Leitner, Poma, Skytrac, Sigma, Prinoth and Demaclenko has added yet another ropeway brand to its stable. High Technology Industries (HTI) announced it acquired a majority stake in Bartholet Maschinenbau AG, a Swiss manufacturer of fixed grip and detachable ropeways. The controlling share was previously held by Chinese private equity firm Cedarlake Capital. The agreement once again shifts the global ropeway landscape, which has seen relentless consolidation in recent decades. Chairman and CEO Roland Bartholet and the Bartholet management team will remain in place and the brand will continue to be based in Flums, Switzerland. The company’s founding family will retain a minority stake.
It was just two years ago Bartholet partnered with a different European conglomerate, Mountain and Snow Development Group (MND) of France. MND began to develop its own detachable technology in the mid 2010s and debuted a prototype lift in 2017. That project experienced challenges and MND pivoted to utilizing Bartholet detachable designs from 2020.
MND’s ropeway division and Bartholet are set to debut their first North American detachable lift at Waterville Valley later this year. Much of that six place bubble chair has already been delivered stateside and some foundations are already complete. The Bartholet-HTI press release did not address the future of the MND partnership, though history suggests it will likely wind down. MND did not immediately respond to a request for comment.
The now larger HTI Group remains privately held while MND trades publicly on the Euronext Growth exchange under the symbol ALMND.