Business News
Changes for Otis, Prisma, Schmersal and Hyundai
Otis Becomes Independent, Publicly Traded Company Otis completed its separation from United Technologies Corp. (UTC) and began trading on the New York Stock Exchange the morning of April 3 as...
New warehouse, staff additions and promotion
Canada’s Delco Elevator Products Opens U.S. Warehouse Delco Elevator Products, headquartered in Vancouver, Canada, announced the opening of its U.S. warehouse in Ferndale, Washington, near Seattle, in March. An authorized...
Milestones achieved, deals made, expansions take hold and more.
Hitachi China Guangzhou Test Tower Completed Hitachi Elevator (China) Co. Ltd. has completed construction of the H1 Tower, one of the tallest elevator test towers in the world, Yahoo Finance...
Acquisitions, a shift in ownership and a key appointment
Lerch Bates Announces New President, Acquisition Lerch Bates Inc. has named Eric Rupe president, effective January 1. In this role, he oversees all aspects of the consulting business globally, including...
Hyundai Elevator invests in emerging technology, and Hitachi Elevator wins prestigious award in China.
Hyundai Elevator Going Big on AI, IoT, Robotics With a memorandum of understanding with South Korea telecom giant KT Corp. signed in November 2019, the country’s Hyundai Elevator will adopt...
Transitions and accolades around the world make for busy months.
Peelle Announces Personnel Moves The Peelle Co. announced several personnel moves in September and October: Michael Coyle has joined the company as Sales and Operations manager, overseeing the office, field...
Expansions and acquisitions
KEB America Announces Expansion of Minnesota Facility In response to rapid growth and strong customer demand, KEB America, Inc. is expanding its 80,000-ft2 U.S. headquarters in Shakopee, Minnesota, to 150,000...
OEM redesigns test tower, lands stadium contract.
Test Tower Design Streamlined thyssenkrupp has chosen a new, simpler-looking design for the 420-ft-tall test tower it plans to build in metropolitan Atlanta, Curbed Atlanta reported in September. The company’s...
Acquisitions, growth distinguish market.
Innovation Industries Acquires VCI Russellville, Arkansas-based Innovation Industries, Inc., a privately held manufacturer of elevator fixtures and components, announced on August 30 it acquired Virginia Controls Inc. (VCI) of Richmond,...
Acquisitions, expansions and more make up September’s business news.
thyssenkrupp Acquires Longtime Distributor O’Keefe thyssenkrupp Elevator has acquired Omaha, Nebraska-based O’Keefe Elevator, which has more than 120 employees and been led by members of the O’Keefe family for more...
