Business News
Acquisition has global impact; growth in Australia and Georgia.
Savaria to Acquire Garaventa Savaria Corp. agreed in July to acquire the issued and outstanding shares of Garaventa Lift for a total purchase price of approximately CHF74 million (US$74.27 million),...
Acquisitions and contracts
Otis Tapped for 200-Plus-Unit Project in Las Vegas Malaysia’s Genting Group, owner of Resorts World Las Vegas, has hired Otis to provide more than 200 units for its new US$4-...
U.K. trade publication changes hands, KONE honored, and partnership made in Moscow.
Elevator World Acquires U.K. Magazine Elevation Elevator World, Inc. has acquired the U.K.-based magazine Elevation. Launched by industry veteran Ish Buckingham as a quarterly publication in 1994, Elevation specifically targets...
German OEM opens factory in Turkey, launches website dedicated to volunteering.
Turkey Positioned as Export Hub With Plant Opening thyssenkrupp has opened its first escalator production plant in Turkey, located in the Dilovasi Organized Industrial Zone in the northern Marmara province...
Changes for Mitsubishi Electric US, NEII, SCS Elevator Products
Mitsubishi Electric US Announces Promotions Corbo Zommers Mitsubishi Electric US, Inc., headquartered in Cypress, California, has promoted two senior-level executives: Mike Corbo to executive vice president and chief operating officer...
Growth is underway, from the Midwest to the Deep South.
Schumacher Is Adding 22,600 sq. ft. in Iowa Schumacher Elevator Co. has grown by nearly 100 employees and more than tripled sales since consolidating six locations under one roof in...
Big announcements from UTC, Gustav Wolf and KONE
UTC Unveils Center for Intelligent Buildings in Florida United Technologies Corp. (UTC) officials cut the ribbon in April on UTC’s US$115-million, 224,000-sq.-ft. Center for Intelligent Buildings in Palm Beach Gardens,...
India, Middle East among areas seeing activity.
MEKC Begins Operating South Korean Elevator Plant Mitsubishi Electric Corp. subsidiary Mitsubishi Electric Korea Co. (MEKC) began operating a new US$27-million factory in the Incheon Free Economic Zone of South...
Acquisition made; new facilities come online.
GAL Acquires Assets of Bore-Max Corp. GAL Manufacturing Corp., part of the Golden Gate Capital portfolio, has acquired the assets of Bore-Max Corp., which produces heavy-duty elevator components primarily for...
thyssenkrupp Delivery Robot, Fleet Vehicle at Auto Shows
thyssenkrupp delivery systems, including a driverless delivery robot and 2018 Ford Transit Connect fleet vehicle, were showcased at auto shows in the U.S. earlier this year. In January, thyssenkrupp Elevator...
