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Expansions, Acquisitions
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KONE and 3Phase make acquisitions; Urban Elevator expands to L.A.

By Elevator World | August 1, 2021

KONE Acquires Detroit Elevator Co. KONE announced in June that it acquired the service and repair business of Detroit Elevator Co. in Ferndale, Michigan, including its operations throughout the greater Detroit area and stretching north and west to Flint and Grand Rapids. Detroit Elevator, founded in 1914, built its business on performing service, new installation,…

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Europe, Middle East, North America among areas seeing activity.

By Elevator World | February 1, 2019

Hitachi Elevator Saudi Arabia Launched Hitachi Ltd. has launched Hitachi Elevator Saudi Arabia Ltd., a joint venture with Saudi Arabian investment firm Mayar Holding Co., Arab News reported. Hiroshi Nasu is managing director of Hitachi Elevator Saudi Arabia, which offers vertical-transportation products and maintenance services. The source noted Saudi Arabia is a growing market, with…

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Elevator companies add to payroll, property.

By Elevator World | November 1, 2016

Nidec Investing in IE Ohio Factory Expansion Imperial Electric’s (IE) parent company, Nidec Corp., has announced a US$3.2-million investment in its Middleport, Ohio, plant to keep the IE facility open and to update aging equipment. According to the Pomeroy Daily Sentinel, the company began its expansion in August by adding 18 new employees. In addition…

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Elevator World | September 2021 Cover

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