Y. Skembedjis & Sons

What Y. Skembedjis & Sons does

Y. Skembedjis & Sons Ltd is a Cyprus-based material handling equipment provider, founded in 1971 in Famagusta and now headquartered in Limassol with a regional branch in Nicosia, covering the entire Cypriot market through approximately 10,000 square meters of combined showroom, warehouse, training, and service facilities. The company sells, rents, services, and trains operators for forklifts and warehouse equipment across counterbalance, reach truck, stacker, pallet truck, VNA, order picker, and truck-mounted categories from premium brands where it holds sole Cyprus agency (HYSTER, HC Forklifts, EP Warehouse Equipment) and authorized service provider status (Yale, Combilift). Its business model blends one-time equipment sales (new and used), recurring equipment rentals on flexible terms, recurring monthly maintenance agreements, and recurring spare parts and consumable sales (batteries, chargers, tires), alongside accredited operator training delivered through the only ITSSAR UK-approved training center in Cyprus.

The company operates a B2B sales-led go-to-market with showrooms in Limassol and Nicosia, supported by mobile service units that bring on-site repairs and maintenance to customer locations across Cyprus, plus a proprietary iOS/Android application for digital quote and service request capture. Target segments span warehousing and logistics, industrial and manufacturing, retail and supermarkets, construction and ports, and food and pharmaceutical industries, with capacity coverage from 1-2 ton pallet trucks to over 40-ton heavy industrial and container handlers. Ownership is 100% concentrated in the founding Skembedjis family via parent entity YIANNAKIS SKEMBEDJIS LTD, with second-generation executives (Costas as Chairman, Androulla and Stalo as Executive Directors, and Nikolas and George as Board Members) now leading the business.

The company is EN ISO 9001:2015 certified and operates with no disclosed external funding, no subsidiaries, and no public-market listing. Its strategic moats rest on exclusive manufacturer agency rights, regulatory accreditation for operator training, in-house refurbishment and mobile repair capabilities, and 55 years of accumulated brand reputation in the Cypriot market, rather than on proprietary software or AI-driven technology.

Name

Y. Skembedjis & Sons

Legal name

Y. Skembedjis & Sons Ltd

Website

https://skembedjis.com

Company type

Private

Founded year

1971

Operating status

Operating

Short description

Y. Skembedjis & Sons Ltd is a Cyprus-based, family-owned material handling equipment provider, founded in 1971, that sells, rents, services, and trains operators for forklifts and warehouse equipment across industrial, logistics, retail, construction, food, and pharmaceutical customers through its sole agencies for HYSTER, HC, and EP.

Ownership category

akta.pro rank

Product category

Material Handling Equipment Distribution

NAICS

Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing (53241), Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412), Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924)

SIC

Industrial Trucks, Tractors, Trailors & Stackers (3537), Services-Miscellaneous Equipment Rental & Leasing (7350), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Forklifts & Industrial Trucks (IC & Electric) (IMAHABAA)

akta.pro secondary industries

Lifting Attachments & Material Handling Accessories (Fork Attachments, Slings, Rigging) (IMAHABAJ), Loading/Unloading & Transfer Equipment (Telescopic Conveyors, Loaders, Tipplers) (IMAHABAI), Lifting & Hoisting Rental & Leasing (IMAHAJAN)

Keywords

• Forklift sales
• Material handling equipment
• Warehouse equipment distribution
• Forklift rental services
• Forklift operator training

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Inventory, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Equipment Sales: Sales of new and used forklifts and material handling equipment including counterbalance forklifts, reach trucks, stackers, pallet trucks, VNA machines, and truck-mounted forklifts
2. Equipment Rentals: Short-term, long-term, seasonal, emergency, and special project rentals of forklift trucks and warehouse equipment. Flexible rental periods from days to months or years.
3. Spare Parts Sales: Largest selection of new and used forklift spare parts in Cyprus, including batteries, chargers, tyres, wheels, and attachments
4. Repair & Maintenance Services: Mobile on-site repairs, workshop repairs, and maintenance agreement contracts for ongoing service relationships
5. Operator Training: Accredited forklift operator safety training courses certified by ITSSAR UK, including ANAD sponsorship options

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Y. Skembedjis & Sons Ltd sells, rents, and services new and used forklifts and material handling equipment (counterbalance forklifts, reach trucks, stackers, pallet trucks, VNA machines, truck-mounted forklifts) as sole agent for HYSTER, HC, and EP in Cyprus. It also distributes spare parts, batteries, chargers, tyres, attachments, and cleaning equipment, delivers mobile on-site repairs and maintenance agreements, and runs the only ITSSAR UK-accredited forklift operator training center in Cyprus.

Product overview

Y. Skembedjis & Sons Ltd operates as a comprehensive material handling solutions provider in Cyprus, offering a complete portfolio of forklift trucks and warehouse equipment across multiple power types (Diesel, LPG, Gasoline, Electric including Lithium-ion). Their core product lines include HYSTER, HC Forklifts, and EP Warehouse Equipment brands for which they are official dealers, complemented by truck-mounted forklifts (MOFFETT, KOOIAAP), VNA machines, reach trucks, stackers, and pallet trucks. The company provides an extensive range of attachments including fork positioners, sideshifters, bale clamps, paper roll clamps, drum handlers, crane scales, and fork platforms. They distribute FAAM industrial batteries, ATIB ELETTRONICA chargers, and Trelleborg tires, while also offering Hako cleaning equipment. Beyond equipment sales, their business encompasses rental services, mobile on-site repairs, ITSSAR UK-accredited operator training, and spare parts supply across Cyprus.

Differentiator

Problem solved

Functional benefit

Products and services

• HYSTER Forklifts
• HC Forklifts
• EP Warehouse Equipment
• MOFFETT Truck Mounted Forklifts
• Pallet Trucks
• Stackers
• Reach Trucks
• VNA (Very Narrow Aisle) Forklifts
• Hako Cleaning Equipment
• FAAM Industrial Batteries
• ATIB ELETTRONICA Chargers
• Trelleborg Forklift Tires and Wheels
• EASYRAMPS Loading Ramps
• Forklift Rental and Hire
• Mobile Service Units
• Forklift Operator Training
• Spare Parts Supply
• Maintenance Agreements

Quantifiable outcome

• Minimal equipment downtime through massive spare parts inventory in Cyprus warehouses
• +1 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• HYSTERcoreChannel Partner/ Reseller/ DistributorSole agent of HYSTER, one of the world's leading manufacturers of supply-chain machinery. Offers complete range of Hyster forklifts including counterbalance, reach trucks, VNA, and pallet trucks.
• HC ForkliftscoreChannel Partner/ Reseller/ DistributorSole agent of HC Forklifts providing comprehensive range of counterbalance forklifts and warehouse equipment.
• EP Warehouse EquipmentcoreChannel Partner/ Reseller/ DistributorSole agent of EP Warehouse Equipment offering electric stackers, pallet trucks, and warehouse machinery.
• EASYRAMPS UKminorChannel Partner/ Reseller/ DistributorSole agent for EASYRAMPS UK lifting ramps, providing loading dock solutions with capacities of 7T and 10T.
• TrelleborgminorChannel Partner/ Reseller/ DistributorSole agent for Trelleborg tyres and wheels for material handling equipment.
• FAAM Italian BatteriesminorChannel Partner/ Reseller/ DistributorOfficial distributor of FAAM Italian industrial batteries for electric forklifts and material handling equipment.
• ATIB ELETTRONICAminorChannel Partner/ Reseller/ DistributorSupplier of premium ATIB ELETTRONICA Italian chargers for electric forklift batteries.
• HakominorChannel Partner/ Reseller/ DistributorOffers Hako cleaning solutions including Scrubmaster and Sweepmaster ranges for warehouse and industrial cleaning.
• YalecoreChannel Partner/ Reseller/ DistributorAuthorized service provider for Yale trucks, providing maintenance and repair services for Yale material handling equipment.
• CombiliftcoreChannel Partner/ Reseller/ DistributorAuthorized service provider for Combilift trucks, providing maintenance and repair services.
• ITSSAR UKcoreOthersAccreditation body for forklift operator training programs. The company operates the only approved Forklift Operator Training Center in Cyprus certified by ITSSAR UK.
• ANADminorOthersCyprus national training accreditation body. Company courses can be sponsored through ANAD for operator certification.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• KION Group: Global parent of Linde Material Handling, STILL, and Baoli — one of the largest industrial truck manufacturers and a direct competitor to Hyster, Toyota, and Combilift. Comparable as an OEM whose dealer-network model and pricing structure shape the competitive landscape Skembedjis operates in.
• Manitou Group: French manufacturer of rough-terrain, telehandler, and material-handling equipment, publicly traded and serving construction and industrial customers. Comparable as an OEM whose rough-terrain and heavy-lift product lines overlap with Skembedjis's HC and Hyster heavy-duty ranges.
• Hiab Corporation: Hiab, a Cargotec brand, owns Moffett truck-mounted forklifts which Skembedjis distributes. Comparable as the OEM parent of one of Skembedjis's product lines, competing for the same logistics/delivery customer base via direct and dealer channels.
• Crown Equipment Corporation: US-based privately held manufacturer of forklifts and warehouse equipment, with global reach into warehousing, retail, and manufacturing segments. Comparable as an OEM competitor to EP and Hyster in the warehouse-electric and lift-truck categories Skembedjis serves.
• Toyota Material Handling: Division of Toyota Industries and the global market-share leader in forklifts, with broad multi-territory dealer networks. Comparable as an OEM competitor whose products (if distributed in Cyprus) would compete directly against the Hyster/HC lines Skembedjis represents.
• Hyster-Yale Materials Handling: Global manufacturer of industrial trucks (Hyster, Yale, Nuvera) and a principal brand partner for which Skembedjis holds sole agency in Cyprus. Comparable as the upstream OEM whose products, service network, and pricing policies shape Skembedjis's addressable market and economics.
• Jungheinrich AG: German intralogistics specialist manufacturing forklifts, pallet trucks, and warehouse equipment with a strong European direct-sales and rental network. Comparable as an OEM whose European dealer network parallels the role Skembedjis plays in Cyprus.

Direct peers

• EP Equipment: Chinese manufacturer of electric warehouse equipment (stackers, pallet trucks, order pickers) for which Skembedjis holds sole agency in Cyprus. Comparable as the principal supplier whose exclusive distribution directly determines Skembedjis's warehouse-equipment revenue line.
• Combilift: Manufacturer of multi-directional forklifts and container handlers; Skembedjis is an authorized service partner for Combilift in Cyprus. Comparable because the two share the same customer base in heavy-duty/port/container-handling applications, and service-partner arrangements create direct commercial overlap.
• HC Forklifts: Hangcha-affiliated forklift brand for which Skembedjis holds sole Cyprus agency; covers counterbalance and rough-terrain forklifts. Comparable because the exclusive distribution arrangement directly defines Skembedjis's mid-range industrial forklift business.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/y.skembedjisandsons
• Xx.com/Skembedjis
• Facebookfacebook.com/skembedjis
• LinkedInlinkedin.com/company/y-skembedjis-sons-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Y. Skembedjis & Sons