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TKE

Acquisition, hiring and certification

By Elevator World | April 1, 2021

TKE thyssenkrupp Elevator Now TK Elevator With Global Brand TKE thyssenkrupp Elevator is now TK Elevator with global brand TKE, the company announced in February. The new name and logo follows the company’s becoming a standalone entity following its purchase by a consortium of Advent, Cinven and RAG AG in February 2020 (ELEVATOR WORLD, April…

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Heastie New Castrol Industrial Northeast Region Manager

By Elevator World | February 6, 2021

Joe Heastie has transitioned from Castrol LubeCon national account manager (NAM) to Castrol Industrial Northeast region sales manager, leading Castrol’s industrial lubricant sales team in the Northeastern U.S. since January 1. Based in Philadelphia, Heastie has been with Castrol for nearly nine years. In his previous role, he was the first NAM to help drive…

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AEG Invests In Kentucky, Pennsylvania Companies, Taps VP

By Elevator World | February 4, 2021

American Elevator Group (AEG) has completed investments in two companies, one being DC Elevator Co., the largest independent elevator company in Kentucky, and Eastern Elevator Service & Sales Co., which serves customers throughout Pennsylvania, Maryland, eastern Ohio, and northern West Virginia. DC Elevator was founded in 1977 and has offices in Lexington, Louisville and Hazard,…

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Acquisition, hire, partnerships and more from around the world

By Elevator World | February 1, 2021

Cibes Lift Group Acquires U.K.’s Titan Elevators Gävle, Sweden-based Cibes Lift Group has acquired Titan Elevators of Sidcup, U.K., Global Legal Chronicle reported in December 2020. The move is to strengthen Cibes’ presence in the London area and mark an expansion of its U.K. business by adding modernization services and high-speed lifts to its offerings.…

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Independents join forces, an OEM expands, and leaders are tapped in NYC and elsewhere.

By Elevator World | February 1, 2021

Texas-Based Company Merges With Mid-Atlantic Counterparts Fort Worth, Texas-based Southwest Elevator Co. has merged with Action Elevator Co. and Avery Elevator Corp., both based in the Mid-Atlantic region, Southwest Elevator parent company Align Capital Partners (ACP) announced in December 2020. The deal was facilitated by Maven Group, LLC, of Naples, Florida. Family-owned and operated since…

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Major transition, award and partnership are detailed.

By Elevator World | January 1, 2021

Otis Names Calleja President of EMEA Operations Otis has named Bernardo Calleja president, Otis Europe Middle East & Africa (EMEA), the company announced in November 2020. Calleja has been interim Otis EMEA president since October 1, 2020, replacing Mark Eubanks, who left the company in September. An industrial engineer by training, Calleja began his career…

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Mergers, acquisitions and investments

By Elevator World | January 1, 2021

Premier Merges With Oracle to Create Service Giant Premier Elevator, an Atlanta-based company that bills itself as a leading independent alternative to the large OEMs, has agreed to merge with Oracle Elevator to create the largest independent elevator service company in North America, Business Observer reported in November 2020. Oracle, based in Tampa, is the…

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Titan to Build New Building in LIC

Acquisitions, partnerships and expansion

By Elevator World | December 1, 2020

Titan to Build New Building in LIC Titan Machine Corp.’s plan for a 21-story mixed-used building has been approved for commercial zoning at Titan’s current location at 42-11 Ninth Street in Long Island City (LIC), REW reported. The elevator manufacturing and repair company, founded in LIC in 1973, has teamed with RXR Realty, a firm…

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A partnership, promotions, a factory opening and vows to change

By Elevator World | October 1, 2020

AFAG Messen, Virgo Communications Join Forces Augsburg, Germany-based AFAG Messen und Ausstellungen GmbH and Bangalore, India-based Virgo Communications and Exhibitions are partnering, the tradefair organizers announced in August. AFAG’s trade fairs consist of 20 events, both international trade fairs like Interlift and “supraregional” public exhibitions and events. Covering areas that include elevator technology, Virgo has…

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Acquisitions, moves, contracts, pandemic responses and more

By Elevator World | September 1, 2020

Prysmian Group to Acquire EHC Global Prysmian Group announced on July 22 it will acquire 100% of EHC Global, “a complementary add-on to Prysmian’s Draka` Elevator business.” Draka offers more than 7,000 components for the vertical-transportation (VT) industry and generated more than EUR250 million (US$289.3 million) in revenue in 2019. Draka products can be found…

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