Acquisitions & Investments
Italian Components Distributor Donati Acquires Elvacenter
Donati S.p.A., a distributor of elevator and escalator components headquartered in Milan, Italy, announced on January 14 it has acquired Elvacenter, a company active in Belgium and the Netherlands. The...
Lift AI Acquires eMCP to “Transform Elevator Maintenance and Management”
Lift AI, based in Detroit, announced on January 7 it has acquired Tennessee-headquartered eMCP LLC, a pioneer in automated maintenance control programs (MCPs) for elevators. The acquisition expands Lift AI’s...
In Memoriam: Stephen Fall
Stephen Fall, managing director, International, of Lerch Bates (LB) with offices in Europe, the U.K., India and Dubai, passed away suddenly on December 23, 2024, of natural causes. Based in...
TEI Group Acquires Orlando, Florida-based TAKA Elevator
NYC-based TEI Group announced on January 3 it has acquired TAKA Elevator Co., LLC, established by Mary and Patrick Lalchandani in 2012 and based in Orlando, Florida. "Our future in...
Taoping Signs Non-Binding Letter of Intent to Acquire Chinese Smart Elevator Solutions Company
Taoping Inc. has signed a non-binding letter of intent to acquire 100% of Shenzhen Yunti Internet of Things, a Smart elevator solutions provider, Stock Titan is among outlets to report. Founded in...
Atis Expands Footprint in Vermont Through Acquisition
ATIS has acquired the assets of Vermont Elevator Inspection Services (VEIS), according to Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, Missouri, Morningstar reports. Founded...
Bucher Hydraulics Acquiring Finland’s Hydman Oy
Bucher Hydraulics, the Germany-based global provider of innovative hydraulic drive and control technology for applications including elevators, announced on November 13 it is acquiring Hydman Oy, based in Tampere, Finland....
Japanese OEM Fujitec Exploring Sale to Private Equity
Japanese OEM Fujitec is in talks with private equity groups, including Sweden’s EQT, about a potential sale of its approximately US$2.1-billion elevator and escalator business, the Financial Times reports. The...
Harmar Mobility Acquires Pollock Lifts
Headquartered in Sarasota, Florida, Harmar Mobility, a leading stairlift and mobility device lift manufacturer, has acquired Pollock Lifts, based in Carrickfergus, Northern Ireland, yahoo finance reports. This acquisition follows Harmar’s...
Chicago Elevator Acquired by Team of Industry Veterans
Chicago Elevator, formerly known as Elevator Industries of Illinois and headquartered on Chicago's West Grand Avenue, announced its acquisition by industry veterans Mike Askren, Steve Kowalewicz and Ed Reardon. Chicago...
