Expansions, Acquisitions
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...
Ontario’s ATTA Elevators Expands into B.C. With Acquisition
ATTA Elevators, headquartered in Concord, Ontario, Canada, has expanded into British Columbia with the acquisition of Metro Elevator, based in Vancouver, ATTA announced on June 28. Metro will become a...
ESI Acquires Grand Rapids-Based Van Duinen Elevator
With financial backing from Carroll Capital, Elevator Service Inc. (ESI) has acquired Van Duinen Elevator Co., a provider since 1972 of elevator maintenance, repair and modernization based in Grand Rapids,...
SES Acquires McIntosh Industries Inc.
Memphis, Tennessee-based Standard Elevator Systems (SES), which manufactures and provides products and solutions for elevators, escalators and moving walks, announced on June 23 it has acquired McIntosh Industries Inc., a...
KONE and 3Phase make acquisitions; Urban Elevator expands to L.A.
KONE Acquires Detroit Elevator Co. KONE announced in June that it acquired the service and repair business of Detroit Elevator Co. in Ferndale, Michigan, including its operations throughout the greater...
Europe, Middle East, North America among areas seeing activity.
Hitachi Elevator Saudi Arabia Launched Hitachi Ltd. has launched Hitachi Elevator Saudi Arabia Ltd., a joint venture with Saudi Arabian investment firm Mayar Holding Co., Arab News reported. Hiroshi Nasu...
Elevator companies add to payroll, property.
Nidec Investing in IE Ohio Factory Expansion Imperial Electric’s (IE) parent company, Nidec Corp., has announced a US$3.2-million investment in its Middleport, Ohio, plant to keep the IE facility open...
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