Acquisitions & Investments
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...
Italian Prysmian Acquires U.S. Competitor Encore Wire
Italy-based Prysmian, one of the world's leading wire manufacturers, has signed a contract to acquire its U.S. competitor Encore Wire for EUR3.9 billion (US$4.16 billion). According to the statement by...
Italy’s Prysmian to Acquire U.S.-Based Encore Wire
Italy's Prysmian Group, which includes the Draka Elevator business, on April 15 announced a US$4.15-billion deal to acquire U.S. firm Encore Wire, outlets including Reuters report. "M&A is in our...
Strategic Elevations
Unveiling Liftinstituut’s vision through recent acquisitions and future horizons by Marjon Oosting In the ever-evolving landscape of business and innovation, companies often seek to expand their horizons, strengthen their capabilities...
ATTA Elevators Acquires Ryzure Elevator Inc.
ATTA Elevators, headquartered in Ontario, Canada, announced the acquisition of Ryzure Elevator, a full-service elevator company focused on maintenance, modernization and new construction installations, in January. Ryzure Elevator, based in...
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