Sweden
Alimak to Shut Down Its Operations in Russia
Industrial and construction-based elevator manufacturer Alimak Group announced April 26 that it will exit Russia. Alimak says it is making the move in light of recent events regarding Russia’s military...
Mitsubishi Electric Acquiring Swedish Elevator Firm Motum
Mitsubishi Electric Corp. is wholly acquiring Sweden-based Motum AB, which operates an elevator and automatic door business, mainly in Sweden, the Tokyo-based company announces. Noting that it formally agreed on...
Alimak Group Releases 2021 Annual, Sustainability Report
Alimak Group AB, the Stockholm, Sweden-based provider of rack-and-pinion vertical-transportation systems, construction hoists and more, released its Annual and Sustainability Report 2021 on March 18. President and CEO Ole Kristian...
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