Acquisitions & Investments
ATIS, Liberty Elevator, KJA Merge to Form ATIS Ascenda Partners
ATIS, Liberty Elevator Experts and KJA Consultants have merged into ATIS Ascenda Partners, LLC, creating North America's largest provider of comprehensive vertical-transportation (VT) management and advisory services, the companies announced...
TÃœV Rheinland to Acquire ABB U.K.’s Engineering Consultancy
TÜV Rheinland, which offers test technical systems and products around the world, recently announced an agreement to acquire ABB U.K.’s technical engineering consultancy, part of ABB’s Energy Industries division. Expected...
Hyperion Solutions Acquires Capital Electric Motor
Memphis, Tennessee-headquartered Hyperion Solutions, a provider of systems and components, digital solutions and technical services for the vertical-transportation industry, announced on December 1 it has acquired Capital Dallas Electric Motor...
Alimak Changes Structure, Leadership Team
Following completion of its acquisition of Tractel, Alimak Group has launched a new organizational structure and updated its group leadership team. The new organizational structure has five divisions: Construction, Industrial,...
ESI Expands With Launch of Twin Cities Elevator in Minnesota
Grand Rapids, Michigan-headquartered Elevator Service LLC (ESI) announced on November 10 it has expanded into the Minneapolis/St. Paul, Minnesota, market with the launch of Twin Cities Elevator, marking ESI's fifth...
Backed by Carroll Capital, ESI Acquires Toledo Elevator
Elevator Service LLC (ESI), a leading Midwest elevator service provider headquartered in Grand Rapids, Michigan, has acquired Toledo Elevator & Machine Co., Inc., the largest independent elevator service provider in...
Changes afoot in the Northeast.
Arcline/Jersey Elevator, D&D and Kencor Arcline Investment Management, a private-equity firm with offices in San Francisco and NYC, has invested in two independent elevator companies and acquired a third. On...
Expansions, outlooks and subsidies look to accelerate industry.
Ziehl-Abegg Sees Plenty of Bright Spots Globally in 2018 Germany-based Ziehl-Abegg, manufacturer of elevator motors, drives and controls, entered 2018 with optimism as it reflected on record sales of EUR540...
Schindler, Oleo, ELSCO and Sodimas grow their brands.
Schindler Acquiring FB Group, XJ Distributor Schindler is expanding its presence in Germany and China. It is to fully acquire the FB Group, a Saxony, Germany-based elevator company. The medium-sized,...
KONE and Triton make big changes in Texas and Colorado.
KONE Acquires Denver Service and Repair Business KONE has acquired the service and repair arm of Elevators Unlimited in Denver, adding “depth and talent to KONE’s service, repair and modernization...
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