Europe
TKE Considering US$22.7-Billion IPO in U.S. in 2026
Germany’s TK Elevator (TKE), the fourth-largest elevator maker in sales behind U.S.-based Otis, Switzerland’s Schindler and Finland-based KONE, is considering an initial public offering (IPO) in the U.S. in 2026, Reuters reports....
Madrid Airport First Fully Remote-Operated Hub With TKE System
TK Elevator (TKE) has successfully implemented its MAX Automate system at Adolfo Suárez Madrid-Barajas Airport in Spain. This advanced technology establishes Madrid as the world’s first major airport to remotely operate...
Orona Realizes Significant Growth Amid Challenges
Hernani, Spain-headquartered Orona, Europe's fifth-largest vertical-transportation (VT) provider now covering 13 countries, announced on April 11 it realized significant growth in earnings in a challenging 2024 environment. EBITDA (earnings before...
VT Part of London Rail Station Transformation Plan
A multimillion-pound proposal by Network Rail to transform London's Liverpool Street station includes vertical transportation (VT), specifically, eight new lifts and six new escalators, the Independent reports. Britain's busiest station, Liverpool Street...
Wittur Group Welcomes Schürholz as CFO
Wittur Group, with global headquarters in Germany, recently welcomed Markus Schürholz as its new chief financial officer (CFO). Schürholz has more than 30 years' experience in various finance departments at...
Esse-Ti Acquires U.K.-Headquartered Syntium Lifts
Esse-Ti, part of the Innovalift Group, announced it acquired 100% shares in Kent, U.K.-headquartered Syntium Lifts, expanding its geographical reach for lifts and elevators. Syntium is a leading U.K. specialist...
Schindler X8 Unveiled at Milan Design Week 2025
Schindler unveiled the Schindler X8 at Milan Design Week 2025, held on April 7-13 at Rho Fiera Milano in Milan, Italy. Offering unparalleled flexibility, it allows designers and architects to rethink layout,...
Four New KONE Escalators Coming to London DLR Station
Four new energy-efficient escalators connecting the three floors of the Cutty Sark Docklands Light Railway (DLR) station in south-east London are expected to be in service by next spring, Rail...
U.K.’s VM Elevators Secures CHAS Elite Certification
VM Elevators, headquartered in Woodford, East London, U.K., announced in March it achieved CHAS Elite certification, the highest level of certification offered by Veriforce CHAS, the U.K.-based provider of compliance...
KONE To Provide Escalators for Paris Metro Extension
KONE announced on April 3 it won an order to provide at least 84 escalators for five suburban stations on line 15 West of the Grand Paris Express Metro network....
