Acquisitions & Investments

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...

ATTA Elevators Acquires Ohio-Based Maximum Elevator

ATTA Elevators, a leading independent elevator and escalator service provider headquartered in Ontario, Canada, on October 1 announced its expansion into the Cleveland, Ohio, market with the acquisition of Maximum...

Otis Elevator Acquires Jardine Schindler Lifts Ltd. Taiwan

Otis Elevator Co. (Taiwan) Ltd. has completed the acquisition of Jardine Schindler Lifts Ltd. Taiwan from the Jardine Schindler Group. Otis Taiwan is a subsidiary of Otis Worldwide Corp. Jardine...

Chicagoland’s EIS Becomes Part of VDA Group

VDA Group announced on September 6 that Chicagoland-based Elevator Inspection Service Inc. (EIS) has joined the VDA family of companies. Led by President Frank Cervone and Principal Anthony J. DiBiase,...

ATTA Elevators Opens First U.S. Location

ATTA Elevators, the largest independent elevator company in Canada, has announced its expansion into the U.S. with the opening of its first U.S. location in St. Louis, Missouri. ATTA Elevators...

image by OvidiuTepes for Pixabay

Canada Post Workers Return as Negotiations Continue

A worker polishes the handrail inside one of the new elevators; image courtesy of MTA

Modern Elevator Provides Two New Elevators at Queensboro Plaza Station

Egypt Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir; image by channel1eg for Wikipedia

VT Among 23 High-Profile Industries Egypt Aims to Localize

Schindler MetaCore video thumbnail

Schindler MetaCore: Possible Solution to Office Vacancies

222 Broadway; photo © John W. Cahill for the Council on Tall Buildings and Urban Habitat

TEI Group Repositions Elevators for Major NYC Conversion