Europe
E2 Forum to Focus on Integrating VT, Architecture and More
E2 Forum Frankfurt organizer Messe Frankfurt says the event, scheduled on September 21-22 at Congress Center of Messe Frankfurt (CMF), in Frankfurt, Germany, will offer a wealth of education and...
Otis Sells Russia Business Unit to Russian Company
As the war in Ukraine continues, Otis announced in July on the company website that it sold its operations in Russia to Ice Development, a company based in Russia, CT...
Schindler Cuts Revenue Guidance Due to China Market
Schindler recently announced that it has cut its revenue guidance for the year, citing a slowdown in its key China market, which the Swiss elevator and escalator manufacturer expects to...
37-Story Tower with KONE Elevators Completes in Cyprus
ONE, a 37-story residential tower served by KONE elevators that overlooks the Mediterranean Sea in Limassol, Cyprus, is complete, the Cyprus Mail reports. The tallest seafront residential tower in Europe,...
TKE Expands Sweden Footprint With Another Acquisition
Following the purchase of Sdiptech's elevator operations in Sweden last year, TK Elevator (TKE) plans to acquire Nordic Lift from Pegroco Invest, TKE announced on July 21. Focusing on the...
Liftinstituut Expands Into Spain With Acquisition
Liftinstituut has entered the Spanish market with the acquisition of Iseval Grupo, headquartered in Valencia, with the company joining the international network on July 12. The move follows the expansion...
Germany’s Ziehl-Abegg to Host Annual eSports Tournament
Baden-Württemberg, Germany-based electric motor and fan manufacturer Ziehl-Abegg plans to host its International Royal eSports Masters tournament in August, an initiative aimed at recruiting that is growing, with teams from...
Alimak to Acquire Longtime Canada-Based Construction Customer
Stockholm, Sweden-based Alimak Group, a rack-and-pinion construction elevator specialist, announced on July 18 an agreement to acquire 100% of the shares of Burnaby, Canada-based Tall Crane Equipment Ltd., which has...
John Bailey to Step Into CEO Role at Dewhurst
Feltham, U.K.-headquartered Dewhurst Group plc, a global manufacturer and supplier of components for the lift, transport and keypad industries, announced on July 12 the appointment of John Bailey as CEO,...
TKE TWIN Elevator System Debuts in Italy With Milan Contract
TK Elevator's (TKE) TWIN elevator system, featuring two cabins operating independently in the same shaft, is debuting in Italy, with the OEM announcing in July it signed a contract to...
