Acquisitions & Investments
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...
H.I.G. Capital Completes Acquisition of Action Elevator
H.I.G. Capital, a leading global alternative investment firm, announces that one of its affiliates has completed the acquisition of Action Elevator, a leading independent provider of elevator services. As part...
TKE Appoints Mueller as CFO
TK Elevator (TKE), headquartered in Düsseldorf, Germany, has appointed Philipp Mueller as chief financial officer (CFO), effective October 1. Reporting to CEO Uday Yadav, Mueller will lead the company's global...
KONE Agrees to Acquire Sacramento-Based Capitol Elevator
KONE announced it has entered into an agreement to acquire Sacramento, California-based Capitol Elevator, a family-owned and -operated business that has been in the elevator industry for more than 50...
ATIS Makes Inc. 5000 Fastest-Growing Private Companies List
St. Louis-headquartered ATIS, providing vertical-transportation (VT) consulting, management and inspection services across North America, has made the 2024 Inc. 5000 list of fastest-growing privately held companies in America. Companies on...
Cibes Lift Group Acquires Nashville-Based Lift Distributor
Cibes Lift Group has announced the acquisition of HomeLift LLC, a Nashville, Tennessee-based distributor specializing in vertical platform lifts for residential customers. This acquisition marks another step in Cibes' ongoing...
Germany’s Alois Kasper Expands Footprint With Acquisition
Alois Kasper GmbH, founded in 1945 in the western German state of Saarland, announced it has acquired Trierer Aufzugbau Baasch und Didong GmbH, further expanding its footprint in the Saarland-Rhine-Main...
Cibes Lift Group To Acquire Morning Star Elevator
Cibes Lift Group has entered into an agreement to acquire Colorado-based Morning Star Elevator, a leading distributor in the residential elevator and vertical platform lift segment. This strategic acquisition aims...
