Acquisitions & Investments
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...
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...
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