Europe
Acquisition Paves Way for Growth for Sweden-Based Hydroware
The acquisition of Alvesta, Sweden-based Hydroware by CapMan Buyout promises to pave the way for Hydroware — a market leader in hydraulic lift modernization — to expand beyond the Nordics...
Work Begins for Multi-Construction Project in Netherlands
Workers in Rotterdam, Netherlands, have launched construction of a high-rise apartment and townhouse project known as De Zalmhaven, ArchDaily reports. The project, by developer A & Amvest, will include a...
U.K.’s Sheridan Lifts Lands 45-Unit Maintenance Contract
Sheridan Lifts Ltd., headquartered in Manchester, U.K., announced a contract in May to maintain 45 passenger elevators for a major care provider in the south of England. Praising the team...
KONE Denmark Hospital Order Includes 40 Elevators
KONE will provide an array of vertical-transportation solutions, including 40 elevators, to the new North Zealand Hospital in North Zealand, Denmark. The order includes 12 MonoSpace® 700 DX and 28...
ELA To Push For VT As “Essential Safety Service” at Annual Conference
The European Lift Association (ELA) will call for vertical-transportation (VT) service providers and manufacturers to be granted the status of “essential safety services” during ELA’s “Conference 2022 — Lifts and...
TKE Appoints New CEO, Predecessor to Retire
Uday Yadav has been appointed CEO of TK Elevator (TKE), effective May 16, as predecessor Peter Walker has decided to retire, the company announces. Yadav joins TKE from the global...
U.K. Vertical-Transportation Market Expected to Grow
According to the latest research report by Arizton reported by GlobeNewswire, the U.K. elevators and escalators market is expected to grow at a compound annual growth rate (CAGR) of 4.7%...
Capitalise Announces Partnership With Procore
Capitalise, the small business platform that gives businesses and their advisers transparency and control over their business finances, recently announced a partnership with Procore Technologies, Inc, a leading global provider...
Group in Switzerland Unveils Tallest Timber Building
The designing group Schmidt Hammer Lassen recently revealed its plan behind construction of a wood-framed building project, a 100-m residential building in Winterthur, Switzerland, that, when complete, would be the...
KONE Reports First-Quarter Earnings, Order Intake
KONE said its overall order intake was up after it posted weaker-than-expected first-quarter core earnings and trimmed its full-year outlook on the back of supply chain constraints and a decline...
